US Job Climbs to Highest Level on Record

US Job Climbs to Highest Level on Record

Washington: US employers posted a record number of available jobs in March, frustrating businesses trying to find new businesses as the country emerges from the epidemic and the economy expands.
According to the Labor Department’s report released on Tuesday, the total job gain increased only marginally. According to an April report last week, the figures were significantly weaker than expected, largely because companies are unable to find workers despite the unemployment rate peaking at 6.1%.
Job vacancies The government said it grew by almost 8% to 8.1 million in March, which was back on record until December 2000. Yet that month grew by 4% to 6 million overall. The hiring number is a gross figure, while the government jobs report – which said 770,000 jobs were added in March – uses the total. Tuesday’s report is known as the Job Opening and Labor Turnover Survey or Jobs.
A separate survey of small businesses by the National Federation of Independent Businesses found that 44% had jobs they could not fill, also a record high.
Michael Pearce, an economist at Capital Economics, said that the NFIB and JOLES have added evidence to an April employment report that the labor shortage is widespread, acting like a price hike and a brake on recovery.
Job postings grew in most industries, including restaurants, bars, and hotels; Manufacturing; Construction; And retail. They fell into health care and transportation and storage.
The sheer number of openings will likely add fuel to a political controversy over whether an additional $ 300 in weekly federal unemployment assistance, on top of a state payout that averages around $ 320, will be available to those out of work seeking new work Is discouraging. Many Republicans in Congress have argued that it is, and many states have threatened to cut $ 300 payments, with Georgia the latest state to consider such a move.
President Joe Biden, who included additional funds in the $ 1.9 trillion rescue package approved in March, disputed that the $ 300 supplemental payment was to be blamed on Monday. But he urged the Labor Department to work with states on renewal requirements that help those seeking assistance should search for jobs and take a position if offered. The job search rule was suspended during the epidemic when many businesses closed.
“Anyone who collected unemployment, who is offered a suitable job, must take a job or lose their unemployment benefits,” Biden said.
Many out-of-work people are also reluctant to take up jobs in service industries requiring contact with the public for fear of contracting COVID-19. And many women are not looking for jobs, because they have not found child care for children who are still at home, who are taking online classes for at least part of the week.

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