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4 million Americans quit their jobs in April — a 20-year record.

[Business Insider, Getty Images] The retail sector is in the middle of a massive labor shortage. About 4 million workers in the US quit in April, a 20-year record, the Labor Department said.There were 9.3 million job vacancies at the end of April, another 20-year record.Job vacancies rose the most in the accommodation and food-service […]

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Cryptocurrency trading is stopping people from looking for full-time jobs: CareerBuilder CEO

[Yahoo! Finance, Shutterstock] The 559,000 jobs the U.S. added in May continue to puzzle economists, who predicted 675,000 additions for the month and 1 million additions a month earlier as the economy recovers. They’ve put forth explanations from lack of child care to persistent COVID-related safety concerns. Now, another culprit can be added to the list: Some potential workers are instead […]

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Workers could face new burnout symptoms when returning to the office—here’s how employers can help

[CNBC, GETTY IMAGES] A year after many companies announced their summer 2021 building reopening dates, organizations across the country are now bringing their employees back to the office — with mixed results. Some employeeshave enjoyed the flexibility of working from home so much that one survey of 1,000 U.S. adults found 39% would consider quitting […]

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Teen employment could hit record highs in 2021

[Business Insider, Getty Images] US business owners flock to hire young workers in a tight labor market 2021 could be a record year for teen employment in the US.Small business owners say they are leaning on younger workers as the labor shortage intensifies.As a result, teen employment rates are soaring. Teen employment rates in the US […]

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Workers are ‘rage quitting’ their jobs as a tightening labor market forces employers to take note of unfavorable conditions and low pay

[Business Insider] The waning days of the pandemic have prompted plenty of work-related reflection.The result is a pent-up feeling that’s prompting some to walk off jobs in frustration.But is the advent of “rage quitting” really a positive thing for employees? Experts aren’t sure.Kendra wasn’t usually one to get mad, especially not on the job. She’d […]

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Business leaders, economists sound alarm about shrinking labor force

[ABC NEWS] WASHINGTON (SBG) — As summer begins and states lift pandemic restrictions, the biggest challenge employers and local economies face is a lack of available workers, according to a new report by the U.S. Chamber of Commerce.  “All the signs point to a really tight labor market,” U.S. Chamber of Commerce Vice President Neil […]

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America’s worker shortage is real and getting worse by the day, US Chamber CEO says

(CNN Business) The US Chamber of Commerce on Monday announced a nationwide initiative to address the worker shortage in the US, calling the crisis the most critical and widespread challenge facing businesses. The initiative, called “America Works,” aims to mobilize industry and government to “swiftly address America’s deepening worker shortage crisis.” JPMorgan Chase CEO Jamie Dimon suggested […]

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Restaurants nationwide raise prices amid soaring costs, labor shortage

[New York Post] With New York City’s restaurant scene coming back after COVID-19, there’s something new on the menu — bigger bills. Diners had better bring their cash as well as their appetites, as city restaurant prices are going up thanks to rising costs in food, supplies and labor, restauranteurs said. “If we’re getting squeezed there’s only […]

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Wage rises and labor shortage are a ‘democratization’ of U.S. workforce, fund manager says

[CNBC, GETTY] While the U.S. labor force participation rate remains well below pre-pandemic levels, with April’s nonfarm payrolls growing by just 266,000 against forecasts of 1 million, workers’ wages have risen at their sharpest pace in years, and new unemployment filings continue to fall.McDonald’s, Chipotle, Bank of America and Under Armour are among the companies […]

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Biden administration unable to continue $300 weekly pandemic unemployment benefits that GOP governors are slashing

[CNN] The Labor Department has exhausted its options for continuing to pay an extra $300 a week in federal unemployment benefits to jobless people in the 22 GOP-led states that are ending them early, an administration official told CNN Thursday. Roughly 3.6 million out-of-work Americans will forgo a total of $21.7 billion in benefits as a result […]

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