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The rate at which employees have quit their jobs has grown over the past year. But at the same time hiring continues to outpace quits. Every state has more job openings today than it had before the pandemic. Job openings have doubled in Kentucky, with Hawaii and Minnesota close behind. Prior to the pandemic, 11 states had more than , job openings. That number has grown to 22 states, as of June Sixteen states had fewer than 50, vacant jobs just prior to the pandemic. Now, that number has shrunk to The Great Reshuffle has affected some industries more than others.
Workers in traditionally lower paying industries, including leisure and hospitality and retail, have been most likely to quit their jobs. Meanwhile, in more stable, higher paying industries, the number of employees quitting has been lower. Employers are responding quickly to the worker shortage, deploying new strategies to attract and retain a talented workforce.
As the labor market continues to shift, and workers obtain new skills to gain employment in different industries, our labor pools take different shapes. Workers in industries that require specialized skills or training, like financial activities and durable goods manufacturing, are experiencing relatively low unemployment rates. Learn more. She is a recent graduate of New York University's business and economic reporting program.
Another week, another shift in tone: Traders in traditional markets are once again betting that the Federal Reserve could soon pivot to a softer stance on monetary policy. But a strong U. Bitcoin BTC , which often trades like a risky asset, similar to stocks, might remain under pressure If that were the case. Futures traders on the Chicago Mercantile Exchange now expect the federal funds rate to peak at 4.
With inflation still elevated, the campaign is far from over, officials insist. According to FactSet, economists expect an increase of , jobs in September, in a slowdown from the , reported for the month prior. This suggests that the economy is in good shape to sustain further pain caused by the Fed. As long as traders don't see a robust report on Friday combined with a strong rise in wages, bitcoin should continue to be stable, according to market analysts.
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