By Harry Wilmerding
Job openings remained nearly unchanged in February while Americans continue to leave their jobs in high numbers, the Bureau of Labor Statistics (BLS) announced Tuesday.
The U.S. saw 11.3 million job openings in February, a slight dip from December’s high of 11.4 million, BLS reported Tuesday. Economists surveyed by The Wall Street Journal estimated job openings would slightly decrease from January’s 11.3 million figure.
Early signs of a US labor market pullback?
11.3 million job openings in February. That's a slight decline from December's all-time high of 11.4 million but still strong.
It's hard to know how much high gas prices & war in Ukraine will cause employers to pause hiring. pic.twitter.com/jvxMtpeby9
— Heather Long (@byHeatherLong) March 29, 2022
Meanwhile, the number of Americans who quit their jobs increased slightly to 4.4 million from January’s 4.3 million figure, BLS reported, remaining significantly elevated compared to pre-pandemic levels of 3.6 million, according to Fox News.
“Demand for labor is still incredibly high, but there’s also progress happening, and we are on track to getting back to a pre-pandemic labor market based on many metrics by this year, potentially,” Nick Bunker, an economist at Indeed, told the WSJ.
Employers may see hiring get easier as inflation continues to surge throughout the country and people become more inclined to work due to increased prices, Joshua Shapiro, chief U.S. economist at the forecasting firm Maria Fiorini Ramirez Inc., told the WSJ.
“A lot of government support that was helping people out is over—the government cheese isn’t coming anymore,” Shapiro said. “They’ll need to work in order to support themselves.”
“And kids are back in school, so parents don’t have to worry about what to do with their kids,” Shapiro added.
The U.S. economy added 678,000 jobs in February while the unemployment rate dropped to a new pandemic low of 3.8%, according to the Bureau of Labor Statistics.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities for this original content, email licensing@dailycallernewsfoundation.org.
“Turn on, tune in, drop out”
I don’t see anything in this article about what this is *really* about.
The positive result of this incredibly stupid short sightedness is that some folks are going to be making good money if they want to work. Leaving bigger tips then ever for good service as we are thankful for those who understand hard work!