“Job openings soar to 10.9 million as companies struggle to fill positions”
October 14, 2021
“The department’s Job Openings and Labor Turnover Survey, which the Federal Reserve watches closely for signs of slack in employment, showed 10.9 million positions open. That was much higher than the FactSet estimate of 9.9 million and the June total of 10.18 million.
That number swamped the 8.7 million level of those out of work and looking for jobs in July. JOLTS data runs a month behind the regular nonfarm payrolls data, which reported growth of 1.05 million for July.
Hiring slowed sharply in August, with payrolls growing by just 235,000 even as the total unemployed dipped to just shy of 8.4 million. The rate of job openings measured against the total labor force swelled to 6.9% in July, up from 6.5% the previous month and 4.6% a year ago…”
I’ve been waiting to say this but I think now is prime time for anyone trying to move up in society. Companies really need workers right now. It should be much easier to move up the corporate ladder right now companies need somebody to fill those empty positions. That somebody should be you if it’s a higher paying job.