A separate survey of small businesses by the National Federation of Independent Business found that 44% had jobs they couldn t fill, also a record high.
The NFIB and JOLTS “add to evidence from the April employment report that labor shortages are widespread, pushing up prices and potentially acting as a brake on the recovery,” said Michael Pearce, an economist at Capital Economics.
Job openings increased in the accommodation and food service sectors, with restaurants, bars and hotels leading the surge. There were an additional 155,000 job openings in state and local government education. Vacancies also increased in manufacturing, trade, transportation and utilities industries as well as in finance. But vacancies dropped in the healthcare and social assistance industry.
44% of Surveyed Small Businesses Can t Find Workers to Fill U.S. Jobs
On 5/11/21 at 1:24 PM EDT
A survey conducted by the National Federation of Independent Business shows a record high of small businesses are struggling to hire workers as the U.S. emerges from the COVID-19 pandemic and the economy expands.
The 44% of businesses that reported being unable to find enough workers reflects a recent U.S. jobs report, released Tuesday, that shows a record high of 8.1 million openings across the country.
While demand for labor increased, wages and benefits saw modest rises, according to the Labor Department report. An April jobs report, released last week, was far weaker than expected, mostly because employers are unable to find the workers they need, even with the unemployment rate elevated at 6.1 percent.
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US job openings soar to highest level on record
A hiring sign offers a $500 bonus outside a McDonalds restaurant, in Cranberry Township, Butler County, Pa., Wednesday, May 5, 2021. U.S. employers posted a record number of available jobs in March, starkly illustrating the desperation of businesses to hire more people as the economy expands. Yet total job gains increased only modestly that month, according to a Labor Department report issued Tuesday, May 11. (AP Photo/Keith Srakocic)
US job openings soar to highest level on record
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A hiring sign is displayed outside of a restaurant during the COVID-19 pandemic in Glenview, Ill., Saturday, May 8, 2021. US job growth slows sharply in sign of hiring struggles. Employers added just 266,000 jobs in April, sharply lower than in March and far fewer than economists had expected. The unemployment rate rose for the first time since April 2020. (AP Photo/Nam Y. Huh)
WASHINGTON (AP) – U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses seeking to find new workers as the economy expands.
(The Center Square) - Many Republicans in Congress have reignited their calls to break up the big tech companies after Facebook announced last week they would maintain the suspension of former President Donald Trumpâs account.
A new poll released by Rasmussen Friday found that 59% of likely voters âbelieve operators of social media platforms like Facebook and Twitter are politically biased in the decisions they makeâ with only 26% disagreeing. The rest are unsure.
The poll results went on to say that âa majority of voters now favor ending legal protections for social media companies.â The reported public opinion against the tech giants comes the same week Facebook announced they would keep Trump suspended from their platform, citing his alleged role in the Jan. 6 Capitol riots.