We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
NEW YORK DAWN™NEW YORK DAWN™NEW YORK DAWN™
Notification Show More
Font ResizerAa
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Reading: Job Openings in U.S. Rose to Record in March
Share
Font ResizerAa
NEW YORK DAWN™NEW YORK DAWN™
Search
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Follow US
NEW YORK DAWN™ > Blog > Business > Job Openings in U.S. Rose to Record in March
Job Openings in U.S. Rose to Record in March
Business

Job Openings in U.S. Rose to Record in March

Last updated: May 3, 2022 2:45 pm
Editorial Board Published May 3, 2022
Share
SHARE
03jolts job openings facebookJumbo

Even as recession fears grow, a government survey released Tuesday showed that businesses were continuing to hire, with 11.5 million jobs listed as available in March, a record high since tracking began, while unemployment remained low.

The number of “quits” — a measurement of the amount of workers voluntarily leaving jobs — also reached a high, an indicator that many workers are confident they can leave their jobs and find employment that better suits their desires or needs.

The release, from the Labor Department, is yet another indicator of the anomalous nature of the economy as it recovers from the pandemic recession. A resurgence of consumer spending and business investment is colliding with a messy reordering of the supply of goods and labor.

After a sharp climb last year, the number of job openings plateaued somewhat — though the March reading suggests that the declining amount of coronavirus concerns among some experts and the average consumer — paired with the rolling back of public health restrictions and the start of the summer hiring season — are increasing businesses’ appetites for more workers.

The strong demand for workers could be a signal that economic activity may plow through the challenges presented by inflation, which is at a 40-year high, and the discombobulation of global supply chains exacerbated by coronavirus outbreaks in Asia and war in Eastern Europe. Employers are still complaining about labor shortages while many workers — energized by the discussion about “essential work” during the pandemic and buoyed by excess savings — have a degree of bargaining power they haven’t had in decades.

That has led to a tense, politically charged dynamic in which rising wages are a growing concern for large and small businesses trying to maintain their profit margins, even though compensation increases haven’t kept up with price increases. The Federal Reserve is raising the cost of borrowing as part of an effort to cool consumer spending, business lending and demand for workers. Markets expect the Fed to announce a hefty half-percentage point increase in its benchmark interest rate on Wednesday.

“We’re learning a lot about how structurally fragile our economy is,” said Claudia Sahm, a former Federal Reserve economist, citing a dependence on “endless low wage workers and just-in-time supplies of goods” for keeping consumer prices depressed for many years.

The employment cost index, which tracks wages and benefits, jumped by the most on record in the first quarter of this year, according to Labor Department figures released last week.

Layoffs and discharges remained uncommon, and relatively flat compared to the previous month, at 1.4 million.

You Might Also Like

From Pattaya to the World: Bryan Flowers’ Unstoppable Rise as a Global Entrepreneur

Exploring the Impact of Boardsi’s New Board Suite Through the Eyes of CEO Martin Rowinski

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa

Al Amari Group Earns International Acclaim as a Trusted 5-Star Rated Firm

TAGGED:Coronavirus (2019-nCoV)Inflation (Economics)Labor and JobsRecession and DepressionShortagesThe Washington MailUnited States EconomyWages and Salaries
Share This Article
Facebook Twitter Email Print

Follow US

Find US on Social Medias
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
Popular News
Black Friday: Why our brains love a discount
Health

Black Friday: Why our brains love a discount

Editorial Board November 30, 2024
Marjorie Taylor Greene Denies ‘Insurrectionist’ Charge in Court
Epigenetics predicts the aggressiveness of Burkitt lymphoma, a standard pediatric tumor in creating nations
Critics Choice Awards 2023: The Complete Winners List
Harm-riddled Knicks set to learn from 2025 NBA All-Star break

You Might Also Like

These companies enable a weed break at work
Business

These companies enable a weed break at work

November 12, 2024
You get 0K. However first it’s important to transfer to Ohio.
Business

You get $500K. However first it’s important to transfer to Ohio.

November 12, 2024
This businessman turned  into  billion
Business

This businessman turned $40 into $6 billion

November 12, 2024
This plastic rest room might save lives
Business

This plastic rest room might save lives

November 12, 2024

Categories

  • Health
  • Sports
  • Politics
  • Entertainment
  • Technology
  • World
  • Art

About US

New York Dawn is a proud and integral publication of the Enspirers News Group, embodying the values of journalistic integrity and excellence.
Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Term of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 New York Dawn. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?