Day: August 30, 2022

Job Openings Top 11.2 Million in July, Well Above Estimate

By Jeff Cox CNBC (08/30/2022) KEY POINTS Available job positions in July totaled 11.24 million for the month, well in excess of the 10.3 million FactSet estimate. That total also was nearly double the total pool of available workers, which stood at 5.67 million for the month. There were nearly 1 million more job openings than expected in July, an inflationary sign that the U.S.

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Job Openings, Quits Rate Stay Near Record Highs Despite Recession Fears

The Hill (08/30/2022) Sylvan Lane The July Job Openings and Labor Turnover (JOLTS) report illustrates a resilient job market, despite rising interest rates aimed at alleviating labor shortages. With approximately 11.2 million job openings in July, holding steady from June, there are nearly two job openings per unemployed American. While this challenges the Federal Reserve’s desired metric decline, it signals ongoing hiring difficulties for some employers,

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Job Hunters Are Increasingly Searching for Gigs That Pay $20 (or More) an Hour

By Sarah Hansen – (08/30/22) The Great Resignation may be waning, but workers are still looking for a raise. Since April of last year, people have searched for jobs that pay $20 per hour more than they’ve searched for jobs that pay $15 per hour, according to a new analysis from Indeed’s Hiring Lab. That’s a change from 2019 and 2020, when job searches

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