Sunday, October 2, 2022

A record was set in the jobs, according to a survey by the Labor Department.

Jobs rose to record levels in April, the latest evidence that businesses are struggling to hire workers as the economy reopens.

U.S. employers had 9.3 million jobs available at the end of April, the Labor Department said Tuesday. This is the most in the two decades that records have been kept, and more than two million more than before the pandemic. Openings have increased in leisure, food services and other sectors that are rushing up after a year of pandemic-related restrictions.

Rental work also rose, but not nearly as much, consistent with separate figures showing that net job growth slowed significantly in April. (Job growth increased in May but remains below March levels.)

Many companies have reported in recent weeks that they want to hire faster, but can not get enough workers. The data released on Tuesday, the monthly survey for work and labor, provide evidence of the shortage: there was about one unemployed worker for every job available in April. It is above the level before the pandemic, when there were fewer unemployed workers than was available, but it is a much faster setback than after the last recession.

With many job opportunities available, workers feel encouraging: nearly four million people voluntarily quit their jobs in April. The number has increased especially in the leisure and hospitality sector, where many businesses have offered signing bonuses and other incentives to attract workers.

“More than a year after horrific job losses and wage cuts, job seekers have a strong hand in the job market again,” said Nick Bunker, director of research for the site Indeed website, in a statement. “The demand for workers is increasing as the broader economy begins to emerge from the pandemic.”

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
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