The current job vacancies are close to the highest level, and it is difficult for companies to recruit people. (Gerd Altmann/Pixabay)
[Look at China November 13, 2021]Federal data shows that there were 4.4 million Americans in SeptemberResign,This ismake a recordof.CurrentlyVacanciesClose to the highest level. This reflects that 20 months after the epidemic spread,labor forceMarket imbalances continue to complicate economic recovery.
According to the Washington Post, the number of resignations in September increased from the previous month. In August, 4.3 million Americans resigned, accounting for 2.9% of the total workforce. The number of resignations in September accounted for 3% of the labor force.
These statistics show that after the 2020 epidemic disrupted the business operations and life order of the entire country, the labor market has also changed.
The reasons for resignation are varied.
In September, when the spread of the Delta variant of the new crown virus reached its peak, home care forced many employees to reconsider their daily routines. At the same time, because employers are eager to fill job vacancies, many people have moved to other places for better pay and benefits.
Generally speaking, the industries with a high proportion of resigned employees are trade, transportation and public utilities, especially retail, leisure and hotel industries. In September, up to 6.6% of employees in the accommodation and food service industries resigned.
The resignation rates of workers in the South, West and Midwest were relatively high, at 3.3%, 3.1%, and 3.0%, respectively, while only 2.2% of workers in the Northeast resigned.
The United States has recovered most of the jobs lost in the early months of the epidemic, but there are still more than 4 million jobs less than in February 2020.
Economists have always regarded the full restoration of employment as an important milestone, but due to labor shortages, a surge in cases caused by the Delta variant, supply chain issues and other issues, the restoration process has become complicated.
Various companies and industry groups have complained that since the large-scale reopening of the country in the spring, they have been working hard to recruit workers, but it is difficult to find usable employees. In order to solve this problem, some states have adopted measures such as cutting unemployment benefits, but they have not achieved more results in urging a large number of people to return to the labor market.
Economists believe that the unpredictability of child or home care and school education makes some parents reluctant to re-enter the labor market. Public health issues are still an obstacle to working on-site. Although the number of cases has dropped sharply from the peak in mid-September, the epidemic is still not to be taken lightly.
However, some people say that they can’t find a suitable job, which raises questions about the mismatch of supply and demand in the labor market, because the needs of job seekers have changed.
According to a September study by the employment website ZipRecruiter, about 62% of job seekers on the site said they were looking for a different type of job; 55% said they were trying to find a job that could work from home.
Among those who seek to work from home, 50% said it was because of concerns about hygiene and safety in the workplace, while 35% said that considering child care/home care was the reason for their decision.
But companies often have very strict audit standards for the employees they want to hire.
Why are millions of job seekers not employed in this hot job market?
Because of the large number of resignations, employees now have more bargaining chips than before the epidemic, which has also led to a substantial increase in wages-this year’s average hourly wage has increased by more than 5%. Worker strikes are also increasing.
But the increase in commodity prices brought about by inflation is erasing the increase in wages. In October, prices rose 6.2% from a year ago—the largest annual increase in 30 years.
If you follow the increase in expenditure caused by the price increase, people’s actual income this year has actually fallen by 1.1%.
Editor in charge: Shen Qingyu
Short URL of this article:
All rights reserved, any form of reprinting requires Chinese authorization. It is strictly forbidden to establish a mirror website.
[Honorary Member Wanted]Streams can merge into the sea, and small kindness can achieve great love. We sincerely recruit 10,000 honorary members from Chinese people around the world: each honorary member only needs to pay one subscription fee per year and become an honorary member of the “Watch China” website, which can help us break through the censorship and blockade and provide at least 10,000 mainland Chinese compatriots Provide independent and true key information to warn them in times of crisis and save them from the great plague and other social distress.
.