Some 8 million U.S. jobs unfilled in March, setting new record
Robert Besser
15 May 2021, 20:51 GMT+10
U.S. job openings grew to a record high 8 million in March, fueling criticism of the Biden administration s unemployment benefits
Among the criticisms were concerns that the current $300 weekly unemployment check being distributed is more than what many earned while working
Unemployment benefits have been extended until September. However, Alabama, Montana and South Carolina are ending government-funded pandemic unemployment benefits for residents next month
WASHINGTON D.C.: U.S. job openings grew to a record high 8 million in March, fueling criticism of the Biden administration s unemployment benefits.
Officials scramble as U.S. job openings reach new high
15 May 2021, 20:51 GMT+10
WASHINGTON D.C.: U.S. job openings grew to a record high 8 million in March, fueling criticism of the Biden administration s unemployment benefits.
Among the criticisms were concerns that the current $300 weekly unemployment check being distributed is more than what many earned while working.
Unemployment benefits have been extended until September. However, Alabama, Montana and South Carolina are ending government-funded pandemic unemployment benefits for residents next month. As more restrictions are lifted throughout the country, more businesses are opening up, said Sophia Koropeckyj of Moody s Analytics, as quoted by Reuters. However, there seems to be a mismatch between businesses eagerness to return to some semblance of pre-pandemic normality and many workers hesitation to step back into the workforce.
U S job openings hit record high in March reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
U.S. job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased COVID-19 vaccinations and additional pandemic aid from the government boost companies' needs for more workers.
By Lucia Mutikani WASHINGTON (Reuters) - U.S. job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased COVID-19 vaccinations and additional pandemic aid from the government boost companies needs for more workers. The Labor Department s monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday was the latest indication that the labor market had turned the corner after shedding jobs in December as the nation buckled under a fresh wave of COVID-19 infections and depleted government relief. Labor demand should continue to heat up as companies brace for a post-pandemic burst in pent-up demand, said Lydia Boussour, lead U.S. economist at Oxford Economics in New York.