Labor market is a good sign for economic recovery.
The number of job openings in America has been climbing since spring and is now nearly back to where it was before the coronavirus pandemic hit the labor market. The new numbers are a sign of continued economic improvement despite a surge in infections and fading federal support.
Across the U.S. so far in November, 10.8 million job openings were posted online — up from 6 million, on average, at the low point in May. The current total is less than 2 percent below the February average (compared with a 46 percent gap in May).
According to a labor economist at ZipRecruiter, “The numbers are astonishingly good given waning federal support, given all the terrible news on [virus] case counts,” she said. “There are all kinds of headwinds and yet the economy keeps hiring and adding jobs.”
As the Lord Leads, Pray with Us…
- With thanksgiving that jobs growth continues to beat the expectations of the forecasters.
- For the millions of Americans who are still without work and not seeing any possibilities for themselves in the near future.
- That the economy will be restored to a robust and sustainable level.
Sources: Wall Street Journal, MSNBC
