05/03/2022

In March, Job Openings Hit New Records

This reflects labor market strength

U.S. employers posted a record 11.5 million job openings in March, and some 4.5 million Americans quit or changed positions, matching previous highs, reflecting continued strength in the rapidly growing labor market, where workers continue to have the upper hand.

Meanwhile, the number of new hires — 6.7 million — remained steady, according to a report released Tuesday by the Bureau of Labor Statistics.

“Demand for workers remains white-hot,” said Julia Pollak, chief economist at ZipRecruiter. “This is very broad, enormous growth. Even though we’ve almost recovered all of the jobs lost in the pandemic, the labor market just keeps getting tighter and tighter.”

Please select this link to read the complete article from The Washington Post.