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Want help: US job offers have been hugely successful Business and Economic News

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The job offer has set a record, while one in three companies is struggling to find skilled talent.

The number of jobs in the U.S. was 9.3 million in April, the U.S. Bureau of Labor Statistics (BLS) said Tuesday that millions of free and business applications from the hibernation of coronavirus are increasing operations. to know.

In April, job offers in various sectors increased, including accommodation and food services, with an increase of 349,000 jobs, according to the latest BLS job openings and labor turnover survey (JOLTS).

The findings clashed with the latest monthly work report released last week, which revealed the economy is still trying to shake off the damage of coronavirus blockage and cuts.

The national unemployment rate was 5.8% in May and there were 9.3 million unemployed. It stands at 3.5 per cent unemployment in February 2020 – before the coronavirus pandemic – when around 5.7 million workers were out of work.

“The labor market is on track, but there are still millions of workers still to be absorbed in the economic recovery,” senior economist at the Institute for Economic Policy’s Elise Gould wrote in a blog post on Tuesday.

The disconnect between unemployed Americans and record jobs has sparked a debate among economists as to what drives disconnection.

Some Republicans charge $ 300 a week in state unemployment benefits for disinhibiting the unemployed from finding employment.

Dozens of states led by Republican governors have announced plans to withdraw from federal unemployment benefit programs, including a weekly charge.

But many economists believe there are other factors at stake.

As some of them reopen millions of businesses and at the same time expand their operations, bottle links appear. Lack of childcare opportunities for working parents, elderly workers opting for early retirement, and fears of hiring COVID-19 are also believed to have sidelined the unemployed.

Job seekers in the driver’s seat

Because they are in demand for so much work, workers have more power over the potential employer they have had in recent years. Many of them are looking for greater flexibility and more competitive salaries.

The average hourly earnings of private payroll workers rose 15 cents in May to $ 30.33. That push rose 21 cents in April.

And that strong negotiating stance could strengthen in the coming months.

According to a quarterly employment survey conducted by ManpowerGroup’s workforce solutions company, more than 7,300 U.S. employers reported the most optimistic prospects for hiring since 2000. But one in three companies is making an effort to find qualified talent.

“Nursery challenges, health concerns, and competition mean that demand exceeds supply, which reduces the“ large return ”of American workers,” North American President Becky Frankiewicz of the ManpowerGroup said in a statement. “It’s a workers’ market and workers are behaving like consumers as they are consuming work, looking for flexibility, competitive pay and quick decisions.”

Employers who do not adapt to job hunters who have been given new power do so at their own risk.

According to Jolts’ latest report, he set a record four million in April when economists volunteered to say goodbye to their jobs – the rate left by economists

Companies also have a greater tendency to retain their employees. The number and rate of April layoffs and layoffs changed little, at 1.4 million and 1.0 percent, respectively.

“Leaving the post means that employees feel comfortable leaving their jobs in search of better matches,” Gould said. “Low layoffs are obvious. The economic recovery is gaining momentum. “



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