US job vacancies hit an all-time high in April as employers try to find workers amid the economic recovery
The number of job openings totaled 9.286 million, according to the Department of Labor’s Job Openings and Turnover Survey (JOLTS), adding 8.288 million jobs in March. Economists polled by Refinitiv estimated 8.3 million openings.
“There is no shortage of national labor demand,”; said Mark Hamrick, senior economic analyst at Bankrate.com. But there is a discrepancy between sector and locality.”
Accommodation and food services (+349,000), other services (+115,000), and durable goods manufacturing (+78,800) had the highest number of vacancies.
Record number of vacancies This is because Americans are unable to return to work late after the pandemic for various reasons. Economists say fear of contracting the virus lack of child care and additional unemployment benefits are contributing factors.
The number of jobs in April was little changed at 6.1 million. Total separations, including layoffs, layoffs and dismissals, rose 324,000 to 5.8 million.
In an effort to bring people back to work, at least 25 GOP-led states have announced early termination of the $300 weekly unemployment benefits. The additional benefits are due to end in September.
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Bringing those people back to jobs will help the US economy regain the 7.6 million jobs lost since the pandemic.