U.S. job openings jump to two-year high in boost to labor market
By Lucia Mutikani
Reuters
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.
U S job openings jump to two-year high in boost to labor market
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U S job openings jump to two-year high in boost to labor market
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U S job openings jump to two-year high in boost to labor market
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2020 ends with unexpected job losses, raising worries about a longer economic winter [Los Angeles Times :: BC-CORONAVIRUS-JOBS:LA]
The surging COVID-19 pandemic is taking a bigger and more worrisome toll on the economy than expected, with employment falling last month for the first time since April and fears growing that a slower and tougher recovery lies ahead.
Instead of adding a modest number of jobs in December as most analysts predicted, employers shed 140,000 workers from their payrolls in December, the government said Friday in its monthly employment report.
“Today’s report shows the U.S. economy is flirting with disaster,” said Josh Lipsky, an economics expert at the Atlantic Council think tank. “The extraordinary relief measures taken to date including the stimulus package passed last month have failed to keep pace with the virus.”