Press "Enter" to skip to content

There are over 10 million job openings in America – why don’t people want them?

The number of unfilled jobs in the United States total 10.1 million, according to a report released in Washington. And the number is record when the economy also takes off with big numbers.

The phenomenon occurs at a time when companies they struggle to find workers in sectors such as leisure and hospitality as the economy reopens.

“The share of vacancies despite the relaxation (of pandemic restrictions) in June, remained at historically high levels“said JPMorgan analyst Peter McCrory.

The economy reopened and its indicators improved, but workers they have not rushed back to their jobs in the expected amount.

The gap between vacancies (9.5 million in May) and hiring (6 million in the same month) shows that companies they are finding it difficult to find labor.

Job vacancies increased in various industries, with the largest increases in professional and business services (227,000); retail trade (133,000); and accommodation and food services (121,000).

What’s going on: reasons

The deficit has been attributed to generous unemployment benefits and retirements, and career changes related to the pandemic.

Some also believe that too many jobs are advertised low skilled and that there are not enough suitable candidates.

There are other reasons: the outbreaks of Covid-19, the difficulty of obtaining childcare at a time when many schools are closed. Childcare services it is not something accessible for many households.

In addition, although there are a large number of hires each month, there are also many dismissals. People quit your job voluntarily because he is confident that he will achieve something better.

The report published in Washington was made based on the survey of new jobs and job rotation (Job Openings and Labor Turnover Survey -Jolts) Y determines that “total disconnections include resignations, layoffs and other separations. “

As he explains, “dropouts are generally voluntary separations initiated by the employee. Therefore, the quit rate can serve as a measure of the willingness of workers to leave work. Layoffs and layoffs are employer-initiated involuntary separations. Other separations include separations for retirement, death, disability, and transfers to other locations of the same firm. “

The Jolts survey highlights that “job change is the result of the relationship between hires and separations. When the number of hires exceeds the number of separations, employment increases, even if the level of hires is constant or constant. decreasing “.

On the contrary, he adds, “when the number of hires is less than the number of separations, employment decreases, even if the level of hires is constant or increasing. “

During the 12 months ending in June, hires totaled 72.1 million and separations totaled 65.2 million, producing a net employment gain of 6.9 million. These totals include workers who may have been hired and separated more than once during the year.

All in all, hiring grew by almost 12% and doubled jobs in offer.

The survey showed that almost 3.9 million workers quit their jobs in June, a sign of confidence in your prospects of getting a better one.

The US economy has recovered with unexpected force, as the application of vaccines progressed, which allowed companies to reopen or extend their hours and to recover leisure spaces such as restaurants, bars and shopping centers.

On Friday, the Labor Department reported that the economy created 943,000 jobs last month and the unemployment rate fell from 5.9% in June to 5.4% in July.

Economists are also increasingly confident that US unemployment levels will reach pre-pandemic levels next year, with Goldman Sachs projecting a 3.5% rate by the end of 2022.

Agencies

ap

.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *