Geopolitics and macroeconomics are very critical for investment. Therefore, I need to study it thoroughly:
- 06/08/2021 – employee shortage might place more pressure on inflation and interest rate
U.S. Job Openings Reached Record Level This Spring – WSJ
Government and private-sector data show surge in demand for workers led by leisure and hospitality industries
Available jobs in the U.S. climbed further above pre-pandemic levels last month following a record surge earlier in the spring, a sign of strong demand for workers—with leisure and hospitality sectors showing the most growth in openings.
Openings continued to grow in May, according to job search site Indeed.com. That followed an increase of nearly 1 million unfilled positions in April, to 9.3 million, the highest level on records back to 2000, according to a Labor Department report released Tuesday.
Open positions nearly matched the 9.8 million Americans who were unemployed, but searching for work during the month.
While demand for labor is surging in the service sector, it is starting to cool in other industries. The number of openings in May declined in construction and plateaued in recent weeks in manufacturing, Indeed said. Those sectors were among the first to return to pre-pandemic levels of openings late last summer. The Indeed data also showed openings for retail jobs nearly held steady last month after strong gains earlier in the year.
