March vacancies in the United States

the Job vacancies in the United States rose in March to an all-time high, highlighting a rapid increase in demand for labor as vaccination campaigns accelerate and states reopen their economies.

The the number of available positions rose to 8.12 million during the month, the highest figure in terms of data since 2000, against 7.53 million revised upwards in February, the survey on job vacancies and turnover of the Ministry of Labor (JOLTS) showed Tuesday. The median estimate from a Bloomberg survey of economists indicated 7.5 million job openings.

Private report examines when employment would start to grow

the the number of vacancies exceeded hiring by more than two million, the biggest gap on record, which shows the current challenges of hiring. Many employers say they are failing to fill the jobs due to lingering fears of contracting the coronavirus, childcare responsibilities and generous unemployment benefits.

the the number of vacancies is compatible with the acceleration in demand with the reopening of the economy and many companies are trying to cover jobs lost during the pandemic.

Women Leaving the US Workforce

The number of people who voluntarily left their jobs rose to 3.51 million, while the quit rate remained at 2.4%. Layoffs, which include both layoffs and quits, fell to 5.32 million from 5.43 million, while layoffs declined.

Last week’s report job The April Labor Department showed that 266,000 US jobs had been added, well below economists’ estimates of an increase of 1 million. The lower-than-expected payroll increase amid record-breaking job openings indicates that the supply of labor, rather than the demand for workers, is holding back job growth.

RM CP