Friday, December 27, 2019

Exploring differences in labor market activity

Exploring differences in labor market activityExploring differences in labor market activityExploring differences in labor market activityOn Friday, January 8, the Bureau of Labor Statistics released an essay on which industries need workers. Using job openings, hires, and separations data from the Job Openings and Labor Turnover Survey, industries were categorized as having high or low job openings and high or low hires. The monthly labor review explored differences in labor market activity across industries.Key Take-AwaysHealth Care and Social Assistance, Finance and Insurance, and Information need mora workers than they can findArts, Entertainment, and Recreation, and Retail have very high turnoverProfessional and Business Services, and Accommodation and Food Services have very high turnover and need more workers than they can findConstruction can easily find the workers they need and have few job openingsGovernment has very low turnoverManufacturing does not have much labor marke t activityWant to know more? Check out the Which Industries Need Workers? from Intelligence.

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