The estimated number of job openings in the United States on the last business day of November, according to the median of estimates of economists surveyed by FactSet. That would be up from 11.033 million at the end of October and would roughly equal the July level of 11.098 million, which was the highest since records began in 2000.
– NY Times, Jan 3, 2022
The number of Americans quitting their jobs is the highest on record, as workers take advantage of strong employer demand to pursue better opportunities.
More than 4.5 million people voluntarily left their jobs in November, the Labor Department said Tuesday. That was up from 4.2 million in October and was the most in the two decades that the government has been keeping track…
“This Great Resignation story is really more about lower-wage workers finding new opportunities in a reopening labor market and seizing them,” said Nick Bunker, director of economic research at the Indeed Hiring Lab.
For some workers, the rush to reopen the economy has created a rare opportunity to demand better pay and working conditions. But for those who can’t change jobs as easily, or who are in sectors where demand isn’t as strong, pay gains have been more modest, and have been overwhelmed by faster inflation…
Boomer vs GenZ♬ original sound – Andrew Oporto