Hr Library

The Great Resignation kept surging into March, as a record number of workers quit and a record number of job openings got posted


U.S. employers saw record levels of job openings and workers quitting in March, pointing to intensifying labor-market tightness that will keep pushing wages higher at a rapid clip.

The number of available positions increased to 11.5 million in the month from 11.3 million in February, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday. The median forecast in a Bloomberg survey of economists called for 11.2 million openings.

Meantime, a series high of 4.5 million Americans quit their jobs in March, in data back to 2000. The quits rate, a measure of voluntary job leavers as a share of total employment, rose slightly to 3%.

The vacancy figures suggest that employers’ needs for workers remained strong in March as employers staff up to meet solid consumer demand for goods and services. Businesses are also still struggling to recruit qualified workers, which has put upward pressure on wages and led to a surge in job openings.

Click here to read the full article

Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button