{"id":1406780,"date":"2022-03-29T08:16:35","date_gmt":"2022-03-29T12:16:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1406780"},"modified":"2022-03-29T08:16:53","modified_gmt":"2022-03-29T12:16:53","slug":"11-2-million-job-openings-remain-economists-expect-change-as-covid-19-benefits-run-out-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/11-2-million-job-openings-remain-economists-expect-change-as-covid-19-benefits-run-out-report\/","title":{"rendered":"11.2 Million Job Openings Remain, Economists Expect Change As COVID-19 Benefits Run Out: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2F11-2-million-job-openings-remain-economists-expect-change-as-covid-19-benefits-run-out-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1406780&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/03\/Hiring-sign.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>On Tuesday, The Wall Street Journal <a href=\"https:\/\/www.wsj.com\/articles\/job-openings-hover-near-record-highs-11648546202?mod=hp_lead_pos4\">reported<\/a> that an estimated 11.2 million job openings still remain on the market while far fewer people are searching for work, according to an estimated jobs report compiled by Indeed.com.<\/p>\n<p>Economists and business owners also told the Journal that they expect jobseekers to return in high numbers as COVID-19 handouts and other government benefits expire in the coming year.\u00a0 The tight labor market has forced business owners to raise wages in some cases, but one entrepreneur told the paper that she has been looking into automation and cutting out certain workers altogether in order to keep costs low.<\/p>\n<p>\u201cDemand for labor is still incredibly high, but there\u2019s also progress happening, and we are on track to getting back to a pre-pandemic labor market based on many metrics by this year, potentially,\u201d Nick Bunker, an economist at Indeed, said to the Journal.<\/p>\n<p>Joshua Shapiro, a chief U.S. economist at forecasting firm Maria Fiorini Ramirez Inc., told the Journal, \u201cA lot of government support that was helping people out is over\u2014the government cheese isn\u2019t coming anymore. They\u2019ll need to work in order to support themselves.\u201d<\/p>\n<p>\u201cAnd kids are back in school, so parents don\u2019t have to worry about what to do with their kids,\u201d Shapiro added.<\/p>\n<p>Michelle Pusateri, the owner of Nana Joes Granola in San Francisco, explained to the Journal that her company has been looking at cutting costs without having to hire more workers at a more expensive wage.<\/p>\n<p>\u201cWe have been looking at increasing efficiencies through automation, which would mean not having to hire more people,\u201d Pusateri said.<\/p>\n<p>On the flip side, some employers are also reportedly less likely to fire workers during this time due to the difficulty in replacing them. That aspect of the economy can explain why jobless claims had trended down in late March, Reuters <a href=\"https:\/\/www.reuters.com\/business\/us-weekly-jobless-claims-lowest-since-1969-continuing-claims-shrink-2022-03-24\/\">reported<\/a>:<\/p>\n<blockquote>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H\" data-testid=\"paragraph-3\"><em>\u201cU.S. businesses are not laying off workers because they know the enormous challenges they\u2019re facing in filling open positions,\u201d said Ryan Sweet, a senior economist at Moody\u2019s Analytics in West Chester, Pennsylvania.<\/em><\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H\" data-testid=\"paragraph-4\"><em>\u201cIf initial claims remain below 200,000 for a period of time, it will raise a red flag with the Fed.\u201d<\/em><\/p>\n<\/blockquote>\n<p data-testid=\"paragraph-4\">Yet according to Patricia Buckley of Deloitte, rising inflation could harm workers as a whole because \u201cwhile consumers\u2019 expectations for inflation can affect wages, higher inflation can also lower demand for certain goods and services\u2014potentially also reducing some employers\u2019 demand for workers,\u201d the Journal reported.<\/p>\n<p data-testid=\"paragraph-4\">One part of the discrepancy in the market can be explained by the sheer number of people who left their job between 2020 and 2022.<\/p>\n<p data-testid=\"paragraph-4\">The Daily Wire has previously <a href=\"https:\/\/www.dailywire.com\/news\/new-survey-shows-reasons-workers-quit-jobs-in-2021\">reported<\/a> that the\u00a0COVID-19 pandemic \u201ctriggered a wave of people leaving their jobs, in a move that has been labeled \u2018The Great Resignation.&#8217;\u201d<\/p>\n<p class=\"p1\">\u201cAccording to a new <a href=\"https:\/\/www.pewresearch.org\/fact-tank\/2022\/03\/09\/majority-of-workers-who-quit-a-job-in-2021-cite-low-pay-no-opportunities-for-advancement-feeling-disrespected\/\"><span class=\"s1\">survey<\/span><\/a> by Pew Research Center, 63% of people said they quit their job because the pay was too low, with 37% of those stating it was a \u2018major reason.&#8217;\u201d The Daily Wire noted.\u00a0 \u201cSixty-three percent\u00a0also noted that they quit because there were no opportunities for advancement, with 33% pointing to that as a primary factor.<span class=\"Apple-converted-space\"> \u201c<\/span><\/p>\n<p data-testid=\"paragraph-4\"><em>The Daily Wire is one of America\u2019s fastest growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? <a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, The Wall Street Journal reported that an estimated 11.2 million job openings still remain on the market while far fewer people are searching for work, according to an<\/p>\n","protected":false},"author":326,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1406780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1406780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/326"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1406780"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1406780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1406780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1406780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1406780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}