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   alt.business      Business related discussions (no ads)      27,547 messages   

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   Message 26,717 of 27,547   
   Leroy N. Soetoro to All   
   Is the Great Resignation calling it quit   
   31 Jul 23 22:24:49   
   
   XPost: talk.politics.guns, alt.politics.elections, alt.politics.trump   
   XPost: sac.politics, talk.politics.misc, alt.politics.economics   
   From: democrat-criminals@mail.house.gov   
      
   https://finance.yahoo.com/news/great-resignation-calling-quits-us-   
   220000457.html   
      
   U.S. workers may have fled en masse in search of better prospects,   
   flexible work arrangements and higher wages during the COVID-19 pandemic —   
   but the “Great Resignation” appears to have subsided.   
      
   Don't miss   
   Here's how much money the average middle-class American household makes —   
   how do you stack up?   
      
   This janitor in Vermont built an $8M fortune without anyone around him   
   knowing. Here are the 2 simple techniques that made Ronald Read rich — and   
   can do the same for you   
      
   You could be the landlord of Walmart, Whole Foods and CVS (and collect fat   
   grocery store-anchored income on a quarterly basis)   
      
   Americans voluntarily left just 4 million jobs in May, the U.S. Bureau of   
   Labor Statistics announced Thursday. That’s a drop of 500,000 compared to   
   the historic 4.5 million resignations in November 2021, the highest amount   
   on record since 2000.   
      
   The quits rate — the number of resignations as a share of total employment   
   — averaged 2.5% from March to May, down from 3% as recently as April 2022,   
   and only slightly higher than pre-pandemic levels (2.3% in February 2020).   
      
   The number of job openings also eased to 9.8 million in May, adding to a   
   growing number of signs that the labor market could be coming down from   
   its ultra-hot pandemic peak.   
      
   The cooling quits rate   
   While some workers may still plan on handing in their notice of   
   resignation this year, they might be less likely to secure employment   
   elsewhere in the aftermath.   
      
   “The labor market has cooled from once-in-a-lifetime hot to a typical   
   strong business cycle, very warm,” Guy Berger, LinkedIn economist, told   
   the Wall Street Journal.   
      
   Read more: 3 big mistakes people make with cash back credit cards that   
   cost them every time they swipe   
      
   The number of Americans applying for jobless benefits rose 12,000 to   
   248,000 last week, according to the Department of Labor, up 20% from the   
   beginning of the year.   
      
   Additionally, the economy added just 209,000 jobs in June — far below   
   economists' estimates of 240,000, and much lower than May's revised   
   306,000 figure. It's also the smallest amount of jobs added since December   
   2020.   
      
   What the softening labor market means for you   
   Don’t panic just yet. Hiring demand is still elevated for the time being —   
   with job openings up roughly 40% compared to February 2020 — while layoffs   
   lie below pre-pandemic levels.   
      
   Workers can take advantage of the still-warm labor market while it remains   
   tipped in their favor.   
      
   “Rumors of the Great Resignation’s demise were greatly exaggerated, at   
   least for now,” Indeed Hiring Lab research director Nick Bunker said in a   
   statement to Moneywise.   
      
   Bunker says the data from the past few months indicates the quitting   
   slowdown has been quite gradual and a “soft-landing scenario” remains   
   likely.   
      
   “This should be enough to give job seekers, employers and policymakers   
   some comfort as the summer wears on,” Bunker added.   
      
   Kevin   
   6 July, 2023   
      
   “Warm market” give me a break. People eeking out 5-10% pay raises don’t   
   constitute a warm market when costs have been increasing for 30 years   
   while wages stay stagnant. This is what the market will be like going   
   forward.   
      
      
   --   
   We live in a time where intelligent people are being silenced so that   
   stupid people won't be offended.   
      
   Durham Report: The FBI has an integrity problem.  It has none.   
      
   No collusion - Special Counsel Robert Swan Mueller III, March 2019.   
   Officially made Nancy Pelosi a two-time impeachment loser.   
      
   Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden   
   fiasco, President Trump.   
      
   Under Barack Obama's leadership, the United States of America became the   
   The World According To Garp.  Obama sold out heterosexuals for Hollywood   
   queer liberal democrat donors.   
      
   President Trump boosted the economy, reduced illegal invasions, appointed   
   dozens of judges and three SCOTUS justices.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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