The government stated that job opportunities in March increased by nearly 8% to 8.1 million, the highest since December 2000.
Washington— US employers posted record vacancies in March, which clearly illustrates the company’s desire for new employees as the country emerges from the pandemic and economic expansion.
However, according to a report released by the Department of Labor on Tuesday, overall work income has barely increased. These figures were released after the April Labor Report released last week, which was weaker than expected, in large part because even with an unemployment rate of 6.1%, the company seems to be unable to find the workers it needs.
According to the government, job opportunities in March increased by nearly 8% to 8.1 million, the highest since December 2000. However, the general recruitment for the month increased by less than 4% to 6 million.
The number of hires is a gross figure, and the government’s labor report shows that the net total is an increase of 770,000 jobs in March. Tuesday’s report is called the Job Vacancy and Job Rotation Survey (JOLTS).
Another survey of small businesses by the National Federation of Independent Business (NFIB) found that 44% of people have unfilled jobs, which is also a record high.
NF Pearce, an economist at Capital Economics, said that the NFIB and JOLTS reports “supplement the evidence in the April labor report that labor shortages are widespread, leading to price increases and potentially hindering economic recovery.”
There has been an increase in job vacancies in most industries such as restaurants, bars and hotels; factories; construction; and retail. On the other hand, job vacancies in the healthcare, transportation and warehousing sectors have decreased.