US: 11.3 million vacancies in January

Job vacancies in the US fell slightly in January, but remained close to the all-time high of December, with millions still leaving the job market each month, a phenomenon known as the “Big Resignation.”

In particular, the number of job vacancies fell from the revised number of 11.5 million in December to 11.3 million in January, according to data released on Wednesday by the US Department of Labor.

During the same period, however, about 4.3 million Americans quit their jobs. It is noted that the resignations peaked last November, when they reached 4.5 million, while before the coronavirus pandemic they averaged below 3 million each month.

According to MarketWatch, the demand for labor remains stronger than ever as the US recovers from the pandemic. But while the U.S. economy has added an average of 614,000 new jobs over the past five months, businesses are still struggling to attract new employees and retain existing ones.

Source: Capital

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