The ‘For Hire’ signs are gonna stay up across the country….
That as people search for higher paying ( and more flexible) jobs in an economy that is thirsty for employee’s services…..
Some people have been fired or laid off , or had to stay home because of pandemic reasons…..
Those people have moved on to other jobs that fit them better…..
There is bound to be more changes with the record number of omicron cases driving things for the next month or so…..
The pandemic has triggered tremendous changes in the labor market, with more than 20 million workers losing their jobs in March and April 2020, followed by a wave of uneven hiring. Many businesses have found it hard to retain workers, though, as many employees have used the pandemic to reevaluate their situations, lured by hiring bonuses, more flexible hours, or better working conditions.
The number of workers quitting in November is up from the 4.2 million who quit or changed jobs in October and surpassed the previous record of 4.4 million in September….
But overall the labor market recovery was strong in 2021, as the country added more than 500,000 jobs a month through the first 11 months of the year.
There are concerns now about a slowdown after November’s numbers came in below expectations. How strongly the latest coronavirus surge will affect the labor market remains an open question….