Reference News Network reported on November 14According to a London report by Reuters on November 12, the number of Americans who voluntarily resigned rose to a record high in September, while the number of vacant jobs remained higher than before the epidemic. This sign indicates that in order to attract workers, companies may have to continue to raise wages.
According to reports, the monthly “Job Vacancies and Labor Flow Survey” report released by the US Department of Labor on the 12th reflects the imbalanced state of the economy. In this state, strong demand and shortage of labor and goods have led to the year-on-year increase in overall prices reaching the highest level in 31 years.
The report pointed out that although the number of new coronavirus cases per day is declining, wage increases have hardly shown any signs of easing, and employers in almost every industry are racing to attract workers. This led to a 4.9% year-on-year increase in wages in October. However, the headline inflation rate exceeded this growth rate, leading to a decline in real income.
According to reports, in September, the total number of resignations increased by about 164,000 to a record 4.4 million. The turnover rate is considered to be a good indicator of confidence in the labor market, because if workers are more confident that they can find a new job, they will quit.
At the beginning of November, US consumer confidence fell to its lowest level since November 2011, because soaring inflation caused a decline in family living standards.
The University of Michigan announced on Friday that the initial November consumer confidence index was 66.8, the lowest since November 2011. The Reuters survey estimated it to be 72.4, and the final value in October was 71.7.
According to the report, related surveys also show that the initial value of consumer expectations for one-year inflation is 4.9%, the highest level since 2008; the initial value of five-year inflation expectations is 2.9%.
On May 8, in New York, USA, a pedestrian stands near the New York State Labor Department building.Xinhua News AgencyReturn to Sohu to see more
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