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In April 2021, the number of job vacancies in the United States was the highest ever From U.S. Bureau of Labor Statistics

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At 10:00 on June 8 (Beijing time, 22:00), the Bureau of labor statistics of the U.S. Department of labor released the results of the job vacancy and labor mobility Survey (jolts) in April. Relevant data show that the number of job vacancies in the United States rose to 9.286 million from 8.288 million in March, a record high again, while the vacancy rate rose to 6% from 5.3% in the last survey. Jolts is the most popular labor market indicator for US Treasury Secretary John Yellen.

According to the data released by the Bureau of Labor Statistics on the same day, the number of unemployed people corresponding to each job vacancy has declined for a year in a row after reaching a high of 5.0 last year, and has dropped to 1.06 this month, which is closer to the low of 0.8-0.9 from 2018 to 2020, indicating that the employment situation in the market is still improving.

The number of independent resignations that Yellen paid close attention to rose sharply in the month, reaching a record high of 3.985 million, while the rate of independent resignations was 2.7%.

In terms of recruitment, the overall number of people recruited in April was 6.075 million, with an employment rate of 4.2%, which was the fourth consecutive month of increase.

For the report released today, some analysts believe that the number of job vacancies in the United States in April hit a new record high after March, highlighting that the demand for labor is increasing as enterprises gradually get rid of the new restrictions and the economy recovers.

After the release of the data, the company said that although companies are starting to recruit with the re opening of the economy, the obligation to take care of children, lingering health problems, skill mismatch and high unemployment benefits still prevent many Americans from returning to the labor force, which makes the number of job vacancies in April 3.2 million more than the number of recruitment, It’s the biggest difference on record.

The financial blog zerohedge also quoted data to show that the market demand for labor is increasing rapidly, because the number of unemployed in April was only 526000 more than the number of job vacancies, lower than the 1.4 million in March, and the difference was 18.1 million in April last year. But at the same time, with the increase in the number of recruiters, Biden government’s economic stimulus plan and the sharp rise in unemployment benefits, the number of departures also soared.

The May non-agricultural employment data released by the United States last week recorded 559000 people, which was better than 266000 in the last survey, but still lower than 675000 expected by the market. The unemployment rate in May was 5.8%, expected to be 5.9%, and the previous value was 6.1%. In addition, before the data was released, the market expected the average hourly wage to increase by 1.6% year-on-year, but the actual increase was 2.0%. After the data was released, some institutions pointed out that the number of new jobs in May was twice that in April, but the decline of participation rate and the continuous surge of hourly wage show that the shortage of labor supply is still continuing.

It should be noted that the release of jolts survey data lags one month behind that of the non-agricultural Association.

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