• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Job Openings Are Rising While U.S. Workers Continue to Quit in Droves

Feb 01, 2022

Job Openings Are Rising While U.S. Workers Continue to Quit in Droves

Job opportunities grew marginally in December, but the number of Americans leaving the labor market remained higher despite a decline from historic highs.

According to the Labor Department's Job Openings and Labor Turnover Survey, there were 10.9 million empty jobs in December, up from 10.6 million in November. The rate of job opportunities remained stable at 6.8 percent.

Based on FactSet's poll of economists, about 10.3 million job opportunities were anticipated in November.

"The job market is rather robust in this region," said Scott Brown, chief economist at Raymond James.

Accommodation and food service, information, non-durable products manufacturing, and state and local government education all had significant increases in job opportunities. Jobs in banking and insurance, as well as wholesale commerce, have fallen.

Hires fell to 6.3 million, a 333,000 reduction from November's 6.7 million, reducing the hiring rate to 4.2 percent.

"Keep in mind that these are December data. There is a lot of seasonality," Brown explained. He expects economists will have a more clear view of the data in the spring when seasonal effects begin to fade.

The number of Americans quitting their employment fell to 4.3 million in December, down from a series high of 4.5 million in November. The quits rate, a proxy for workers' inclination or capacity to leave jobs, remained stable at 2.9 percent.

The quits rate increased to 3% last month, as workers continued to quit at record rates in a tight job market. In health care and social support, housing and food services, and construction, quits declined. They expanded in the manufacture of non-durable items.

"Because wages are not keeping up with inflation, the only option for the majority of employees to increase their earnings is to locate a new company or have one foot out the door," Brown explained.

Brown said that participation remains low since some people who left the labor field during the crisis in 2020 have yet to return, while others have opted to retire early.

The layoff rate, meanwhile, fell to a series low of 0.8 percent, with 1.2 million layoffs, as firms resisted terminating workers due to the tight labor market.

Even before the epidemic, some businesses were having difficulty hiring and sought methods to attract new staff through increased salary, signing bonuses, or other advantages, Brown explained. These incentives have expanded significantly during the previous two years, he continued.

Subscribe Our Newsletter

Omicron Fears Ignite Market Selloff Just As Traders Clear Books
Omicron Fears Ignite Market Selloff Just As Traders Clear Books

The potential of new COVID-19 restrictions jolted investors around the globe just as the trading year was nearing its end.

Stocks
Binance Customers Are Withdrawing Their Funds. But Why?

Milena

Binance Customers Are Withdrawing Their Funds. But Why?

In the 24 hours on Tuesday, investors withdrew assets from the exchange at the quickest rate in months. Here are the reasons why.

Crypto
Liquidity Provider

What is the Difference Between Centralized and Decentralized Exchange?
The crypto market expands its borders, undergoing the transformation into a giant ecosystem. With the explosive growth in demand towards crypto-related services, the number of trading platforms is mushrooming.

discover
What is the Liquidity Ratio?

Liquidity Provider

What is the Liquidity Ratio?

The notion of liquidity is exceptionally important in all financial markets, as traders/investors want to understand how many chances they have to buy and sell a certain asset by the market price.

Liquidity

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Tamta

    Guide to Craiyon: How To Use a New DALL-E Mini

    https://liquidity-provider.com/app/uploads/2023/06/cover-5-800x540.jpg

    Tamta

    Credit Cards vs. Debit Cards

    https://liquidity-provider.com/app/uploads/2023/06/cover-800x540.jpg

    Tamta

    Investing In Private Equity: What Should You Know?

    https://liquidity-provider.com/app/uploads/2023/05/cover-7-800x540.jpg

    Tamta

    What is Data Analytics? Techniques, Tools, Methodology, and More

    https://liquidity-provider.com/app/uploads/2023/05/cover-6-800x540.jpg

    Tamta

    Bitcoin Halving is Coming: What Does it Mean for the Crypto Market?

    https://liquidity-provider.com/app/uploads/2023/05/cover-4-800x540.jpg

    Tamta

    Crypto Token Supply From A to Z

    https://liquidity-provider.com/app/uploads/2023/05/cover-3-800x540.jpg

    Tamta

    What Is ChatGPT, And How Can You Use It?

    https://liquidity-provider.com/app/uploads/2023/05/cover-2-800x540.jpg

    Anton

    Trading on Autopilot: The Rise of Crypto Trading Bots

    https://liquidity-provider.com/app/uploads/2023/05/cover-1-800x540.jpg

    Tamta

    Crypto Investing vs. Crypto Trading: What’s The Difference?

    https://liquidity-provider.com/app/uploads/2023/04/cover-5-800x540.jpg

    Tamta

    Understanding Indexed Universal Life Insurance (IUL)

    https://liquidity-provider.com/app/uploads/2023/04/cover-4-800x540.jpg

    Tamta

    Best Investment Strategies For Beginners

    https://liquidity-provider.com/app/uploads/2023/04/image1-800x540.jpg

    Tamta

    Understanding Perpetual Futures: How Do They Work?

    https://liquidity-provider.com/app/uploads/2023/04/cover-3-800x540.jpg

    Tamta

    What Is A Bitcoin Stock-To-Flow Model? Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/04/cover-2-800x540.jpg

    Tamta

    Best Decentralized Crypto Exchanges In 2023

    https://liquidity-provider.com/app/uploads/2023/04/cover-1-800x540.jpg

    Tatma

    Best High-Yield Savings Accounts For March 2023

    https://liquidity-provider.com/app/uploads/2023/04/cover-800x540.jpg

    Tamta

    Crypto Trading For Beginners

    https://liquidity-provider.com/app/uploads/2023/03/cover-8-800x540.jpg

    Tamta

    How To Make Money With Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-7-800x540.jpg

    Tamta

    What Is A Candlestick Chart?

    https://liquidity-provider.com/app/uploads/2023/03/cover-6-800x540.jpg

    Constantine

    White Label Forex Software — Ultimate Guide on How to Choose The Best Industry Solution

    https://liquidity-provider.com/app/uploads/2023/03/cover-3-300x203.jpg

    Tamta

    Forex Trading: A Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/03/cover-2-300x203.jpg

    Tamta

    How to Create a Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-1-1-300x203.jpg

    Tamta

    Top Ten Richest People In The World, 2023

    https://liquidity-provider.com/app/uploads/2023/03/cover-4-1-300x203.jpg

    Constantine

    What’s at Stake? Here’s How to Avoid Scam Tokens

    https://liquidity-provider.com/app/uploads/2023/03/cover-5-300x203.jpg

    Constantine

    Investing in Currencies That Are More Valuable Than the American Dollar

    https://liquidity-provider.com/app/uploads/2023/02/cover-2-300x203.jpg
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy