Buck Bully
[CNBC, Getty Images] A record-high 4.4 million people, or 3% of workers, quit their job in September, according to the Labor Department’s latest Job Openings and Labor Turnover Survey released Friday. The tight market, where workers have more leverage to move around and employers are doing everything they can to staff up, is […]
[USA TODAY, Getty Images] Hiring slowed again in September as a surge in COVID 19 cases offset the reopening of most schools and expiration of unemployment benefits, developments that were expected to coax some Americans back to work. The economy added 194,000 jobs and the unemployment rate, which is calculated from a different […]
[CBS NEWS] For two years, John White has been trying to get a permanent job at the company where he’s a contractor, but his applications to open positions there have been rejected five times. Company policy forbade contractors from working remotely during the pandemic, so even while his colleagues worked […]
[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 […]
[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: […]
[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 […]
(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 […]
[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 […]
[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 […]
[USA TODAY, AP] The nationwide worker shortage that held down U.S. job growth last month boils down to this: America’s workers are raking in lots of money but they have fewer places to spend it. Businesses that can’t find enough workers are pushing their existing staffers harder, converting part-time employees […]