Job Openings Jump 12% to Another Record in April
Record High Job Quitting; Record Low Layoff Rate, MarketWatch 666, AB Commenter and Blogger RJS
The Job Openings and Labor Turnover Survey (JOLTS) report for April from the Bureau of Labor Statistics estimated seasonally adjusted job openings jumped by by 998,000, from 8,288,000 in March to 9,286,000 job openings in April, after March’s record job openings were revised 165,000 higher, from 8,123,000 to 8,288,000 . . . April’s jobs openings were up by 37.5% from the beginning of this year, and also more than double the 4,630,000 job openings reported for April a year ago, as the job opening ratio expressed as a percentage of the employed rose from 5.4% in March to 6.0% in April, and it was up from 3.4% a year ago . . . the greatest percentage increase in April job openings was in the accommodation and food services sector, where openings jumped by 349,000 to 1,338,000, while job openings in private educational services services fell by 23,000 to 883,000… (details on job openings by industry and region can be viewed in Table 1) . . . like most BLS releases, the press release for this report is easy to understand and also refers us to the associated table for the data cited, which are linked to at the end of the release . . .
The JOLTS release also reports on labor turnover, which consists of hires and job separations, which in turn is further divided into layoffs and discharges, those who quit, and ‘other separations’, which includes retirements and deaths . . . in April, seasonally adjusted new hires totaled 6,075,000, up by 69,000 from the revised 6,006,000 who were hired or rehired in March, as the hiring rate as a percentage of all those employed remained at 4.2%, but was up from the 3.0% hiring rate in April a year earlier (details of hiring by industry since December are in table 2) . . . meanwhile, total separations also rose, by 324,000, from 5,436,000 in March to 5,760,000 in April, as the separations rate as a percentage of the employed rose from 3.8% in March to 4.0% in April, which was still way down from the pandemic hit separations rate of 9.1% in April a year ago (see table 3)…subtracting the 5,760,000 total separations from the total hires of 6,075,000 would imply an increase of 315,000 jobs in April, a bit less than the revised payroll job increase of 278,000 for April reported by the May establishment survey last week, but still within the expected +/-110,000 margin of error in these incomplete extrapolations…
Breaking down the seasonally adjusted job separations, the BLS found that 3,952,000 of us voluntarily quit our jobs in April, up by 384,000 from the revised 3,568,000 who quit their jobs in March, while the quits rate, widely watched as an indicator of worker confidence, rose from a record high of 2.5% in March to new record high of 2.7% in April, which was also up from the quits rate of 1.6% a year earlier (see details in table 4) . . . in addition to those who quit, another 1,525,000 were either laid off, fired or otherwise discharged in April, down by 198,000 from the revised 1,723,000 who were discharged in March, as the discharges rate fell from 1.1% to a record low of 1.0% of all those who were employed during the month, which was also way down from the 7.2% rate of a year earlier . . . mean – while, other separations, which includes retirements and deaths, were at 364,000 in April, up from 343,000 in March, for an ‘other separations’ rate of 0.3%, up from 0.2% in March but the same rate as in April a year ago . . . both seasonally adjusted and unadjusted details by industry and by region on hires and job separations, and on job quits and discharges can be accessed using the links to tables at the bottom of the press release . . .
To Fill Millions of Open Jobs, Many Workers Need More Than Skills
Helping people land good jobs with career paths takes more than skills training, labor experts say. Coaching, mentoring and other assistance are also needed.
https://www.nytimes.com/2021/06/14/business/workers-jobs-coaching.html?smid=tw-share
The nation’s jobs market stands at a somewhat puzzling juncture. There are still 7.6 million fewer people working than before the pandemic. But job openings are at record high levels, too. Some employers are even turning to incentives beyond money, like food and tuition for family members, to lure workers.
The reasons so many jobs remain unfilled are matters of vigorous and often partisan debate. Some people, including those in the Biden administration, say lingering health concerns and child care duties are holding workers back. Some conservatives argue that the extra unemployment benefits approved by Congress have lowered people’s appetite to find a job.
But labor experts and some large employers point to another issue: the so-called last-mile problem. It is one thing to have in-demand skills, they say. But good jobs also require “soft skills” like teamwork, communication and the willingness to learn new things. And then, those freshly skilled people need to be matched to local job opportunities.
Research has shown the effectiveness of programs that are local, personal and focused on addressing the last mile of the labor market. President Biden has endorsed the model. The administration’s jobs plan calls for billions in work force training including funds for “wraparound services” like counseling. …
… The nation’s jobs market stands at a somewhat puzzling juncture. There are still 7.6 million fewer people working than before the pandemic. But job openings are at record high levels, too. Some employers are even turning to incentives beyond money, like food and tuition for family members, to lure workers.
The reasons so many jobs remain unfilled are matters of vigorous and often partisan debate. Some people, including those in the Biden administration, say lingering health concerns and child care duties are holding workers back. Some conservatives argue that the extra unemployment benefits approved by Congress have lowered people’s appetite to find a job.
But labor experts and some large employers point to another issue: the so-called last-mile problem. It is one thing to have in-demand skills, they say. But good jobs also require “soft skills” like teamwork, communication and the willingness to learn new things. And then, those freshly skilled people need to be matched to local job opportunities.
Research has shown the effectiveness of programs that are local, personal and focused on addressing the last mile of the labor market. President Biden has endorsed the model. The administration’s jobs plan calls for billions in work force training including funds for “wraparound services” like counseling. …
(Editing in responses here remains very puzzling. What works one day does not work the next. It even changes hourly. Multiple attempts must be made, This is apparently ‘rocket science’.)
Fred:
I was able to show them you as a subscriber (my signing in as a subscriber) could not do paragraphs, leaving spaces between them, similar to what I can do as a moderator (like I am now). They then could see it. They may be tinkering with it. At least they are doing something. Remember, this is not their programing. It is WordPress’s programing..
There are more changes coming after this is corrected. New deck on the back, new grill, some painting, etc. Give it more of a homey touch.
At the moment, the trick to ‘doing paragraphs’ is to be sure there is a space at the end of each paragraph. Without that, one paragraph gets concatenated to the next.
Unless, of course, Run is getting in there & re-formatting stuff, which he has been known to do. And thanks for that. But it does add to my confusion.
Fred
I have not done that as of late and only if the comment was worth fixing it. NASA has completed the assembly of the $ 18.6 billion space launch system “Mega Rocket”
Do you think you can figure out how to “link” a title? using the “link” in your capabilities?
This is from the programmer:
Hey team,
I think we got this updated.
Do you know if you’ve heard anything (or seen anything) in the last few hours?
Thank you!
Rocket Science News:
NASA has completed the assembly of the $ 18.6 billion space launch system “Mega Rocket”
https://texasnewstoday.com/nasa-has-completed-the-assembly-of-the-18-6-billion-space-launch-system-mega-rocket/313986/
(This mission will send an uncrewed Orion capsule around the moon. Future missions will have crews. Eventually there will be a lunar base. Alternatively, we might fix a few bridges, airports, mass-transit funnels. Perhaps we can do both.)
https://texasnewstoday.com/nasa-has-completed-the-assembly-of-the-18-6-billion-space-launch-system-mega-rocket/313986/
NASA has completed the assembly of the $ 18.6 billion space launch system
“Mega Rocket”
(I have used the ‘linking’ widget with a URL, and also with a title. With a title it insists on tacking on ‘http://’ which needs to be manually removed. This is what I did above. I have done it this way before, with inconsistent results. It looks ok at the moment. but may change when I hit ‘Enter’. There’s no way of telling if the title-link is actually a link before I do that. )
<a href=”https://texasnewstoday.com/nasa-has-completed-the-assembly-of-the-18-6-billion-space-launch-system-mega-rocket/313986/”>NASA has completed the assembly of the $ 18.6 billion space launch system “Mega Rocket”</a>
(Let’s see if it works with manually entered HTML. The title-link(s) above did not work as expected.)
(Trying again using the ‘”‘ widget and entering as plain text. I doubt that this will work either. You can clean all this up, yes?)
NASA has completed the assembly of the $ 18.6 billion space launch
system
(One more attempt using the URL widget, with a shorter title. Looks promising. Still had to remove the extraneous ‘HTTP://’ )
NASA has completed the assembly of the $16.8B SLS ‘Mega Rocket’
(Using the URL widget in edit-mode. If it works, it’s not simple enuf.)
That is a correct URL. I have not seen anyone different elsewhere in “comments.”
NASA has completed the assembly of the $ 18.6 billion SLS rocket
You are practicing. I see all of these message pop up on my email. ok
(The last one above works, but the widget is too ‘techy’ in edit-mode.)
(My entry at 10:41 works.)
http://NASA has completed the assembly of the $ 18.6 billion space
(This looks wrong, but who knows?)
There is no address here
https://texasnewstoday.com/nasa-has-completed-the-assembly-of-the-18-6-billion-space-launch-system-mega-rocket/313986/
http://NASA has completed the assembly of the $ 18.6 billion space
When I use the URL widget in ‘search’ mode, the link above is displayed (below the URL for the article, which was obtained by NOT using search mode. Right now what appears is ‘http://NASA has completed the assembly of the $ 18.6 billion space’ formatted as a link, pretty obviously wrong. That will probably change when I press Enter.)