U.S. job openings hit record high, more workers quitting

[Calista241]

Source: Reuters

U.S. job openings surged to a record high in March, suggesting that a recent slowdown in hiring was probably the result of employers having difficulties finding qualified workers.

The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday also showed more workers voluntarily quit their jobs in March, a sign of confidence in the labor market that economists believe will help to push up wage growth this year.

The JOLTS report bolsters expectations that inflation will accelerate and keep the Federal Reserve on track to raise interest rates at least two more times this year. The U.S. central bank hiked interest rates in March.

“The labor market is hot and getting hotter by the day so central bankers need to continue to take the punch bowl away because higher wages and greater inflation are on the way,” said Chris Rupkey, chief economist at MUFG in New York.

Read more: https://www.reuters.com/article/us-usa-economy-jobs/u-s-job-openings-hit-record-high-more-workers-quitting-idUSKBN1I91YV

[Bernardo de La Paz]

1. Wages too low. Not worth slaving. Income & Wealth Inequality really bad & growing. Must be fixed.

It will be fixed one way or another, as history proves time & time again.

[TheBlackAdder]

12. THIS! I know so many who work 6-7 days a week, including myself, as a salaried employee.

[Luciferous]

17. My husband just left a job because he was in that situation. He found a job that pays salary plus

overtime, plus we get to move closer to family

[Ray Bruns]

2. then maybe they should try training people for the jobs they have.

Oh, that is right. That would cut into the bottom line.

[BumRushDaShow]

3. THIS. "employers having difficulties finding qualified workers."

If they start now, maybe in a couple years, they will have a "qualified" workforce who they can be proud of rather than trying to "buy instant cheap labor" from elsewhere.

[IronLionZion]

4. Maybe companies can use their epic tax cuts to raise wages

That's my favorite fairy tale.

[TomCADem]

5. Find this hard to believe with number of homeless...

...growing. I see the unemployment numbers, but still see vacant buildings. Plus, you have Ford announcing that they are no longer making cars due to poor sales.

[harun]

9. Jobs aren't paying enough for housing/healthcare so people cut their losses

and live homeless. Then they at least have that money in the bank for food/medicine and it won't get all used up for rent/taxes.

[pecosbob]

10. Ironic that Henry Ford made a point of paying wages

high enough that his workers could afford to buy his product.

[Bengus81]

11. He was forced to pay higher wages because of massive turnover.......

Because of the assembly line and how boring the work became. Henry Ford was no saint to the average worker. Paid them squat for years,spied on them,tried to run their lives. Etc,etc,etc.............

[NickB79]

14. People working full time but living out of their cars

[highmindedhavi]

6. My company needed 45 entry level positions

union, factory job, more than half had pot in their system.

[LittleGirl]

8. so what?

they need to decriminalize pot once and for all. Pot stays in your system for weeks. They could have smoked some a month ago and it shows up.
As a MMJ patient, I can't even think about working because of this b.s.

[Luciferous]

18. Because if you are working with heavy machinery you shouldn't be stoned?

[TomCADem]

7. EPA - No such thing as climate change

Be careful about relying on Trump agencies.

[heaven05]

13. top salaries for most

on these 'job openings', 2.98 an hour. No benefits.

[Bayard]

15. As a recruiter/headhunter

I can tell you that a number of unemployed candidates that have been sitting in my database for months, are suddenly getting multiple job offers. Mostly QA/QC people, and manufacturing engineers. Unfortunately, not thru me.

I'm not about to give tRump credit for the phenomenon.

[TomCADem]

16. Have a lot of engineers in my family...

...and they have not had any trouble finding jobs. This does not seem like a new thing.

Now, if non degree jobs picked up, then that would be a change. But it seems like a lot of retail jobs are going away.