‘A job is not just a job’ —Why some unemployed people aren’t jumping at job openings.
Last month, just 194,000 jobs were created, while there are close to 11 million job openings in the U.S. and 7.7 million unemployed Americans.
For the next two months Reuter, who uses they/them pronouns, applied nonstop for new jobs outside of finance, an industry they were looking to get out of prior to getting let go.But by March, “there was nothing even to apply for,” Reuter, who is from Staten Island, said. “Not only was I unemployed but at that time a lot of people I knew were also becoming unemployed.”
A year and a half later, Reuter had no issue finding job postings — in fact, by September 2021 they had applied to more than 200 positions.“I hardly got denied from any jobs because 90% of the jobs I applied to never contacted me,” said Reuter, who graduated from Pace University with a bachelor’s degree in 2019.
Hearing about widespread labor shortages and a record 10.9 million job openings felt humiliating, Reuter told MarketWatch.“”Reuter recalls their parents asking, “‘How can you not get a job when there are so many job openings?’ I’m like, ‘OK, here’s my résumé, here’s all my information, get me a job.’ ” headtopics.com
A high number of job openings occurring simultaneously with a high number of people looking for work is “definitely not a typical experience” for labor markets, said Karen Dynan, a Harvard University economist who served as chief economist at the Treasury Department during the Obama administration.
Last month businesses added a fewer-than-forecast 194,000 jobs, while some 7.7 million people remained unemployed. Yet employers across the country are struggling to fill job openings, with close to 11 million roles unfilled.Reuter was more or less an outlier among unemployed people.
They’re comfortable working in person and they don’t have children to take care of — two factors that are likely behind why so many Americans aren’t returning to work, said Dynan.But there’s even more to the story than that.More workers are retiring Before the pandemic, the labor-force participation rate for U.S. adults 55 and older was just above 40%. But last month it was below 39%.
“Some people who were approaching normal retirement age found themselves in better circumstances than they otherwise would be in,” said Dynan.“”During the pandemic, like many Americans, people approaching retirement likely have been able to save more money than usual, particularly in the months when most of the economy was shut down. On top of that, their 401(k) accounts likely appreciated over the course of the pandemic thanks to a bull market. headtopics.com
Small businesses that were crippled by the pandemic cannot necessarily afford to raise wages If employers are struggling to fill openings, it would make sense for them to consider raising wages. But some small businesses that were fortunate enough to survive the lockdown phase of the pandemic can’t necessarily afford to pay their workers more.
Meanwhile, big companies such as Walmart WMT, +0.49% and Amazon AMZN, +3.31%, which are also experiencing labor shortages, have been able to raise their minimum wages to lure workers in. At Amazon, new hires will be paid an average of more than $17 an hour.
Even though Reuter was desperate to find a job, they stayed away from low-paying retail and food industry jobs.“It feels like sh— to have to apply to a minimum-wage job where there are no benefits and you know you’re going to get treated like garbage,” Reuter said.
But two weeks ago, a friend who works at JP McHale, a pest management company that serves the tri-state area, shared an opportunity to work as a customer-service representative. Ultimately Reuter was hired on the spot for the position, which pays $19 an hour and comes with benefits including health insurance and 401(k) contributions. They start working on Monday. headtopics.com
‘A job is not just a job’ The pandemic in many ways has pushed more workers to look for job opportunities that have better working conditions than their prior jobs, said Kathryn Zickuhr, a labor-market policy analyst at the Washington Center for Equitable Growth, a left-leaning research and grantmaking nonprofit.
It’s also caused more workers to realize that “a job is not just a job,” she said.“It’s wages, schedule, the number of hours, benefits, location” — and because there are so many job openings, more workers are being more selective and applying to jobs that check off their must-have conditions.
“”But because millions of Americans stopped receiving unemployment benefits last month, eventually more workers will have to settle for less-than-ideal positions. Read more: MarketWatch »
Questions I'm Always Asked As A 58-Year-Old Gen Z-er
The Onion brings you all of the latest news, stories, photos, videos and more from America's finest news source.
there are jobs and there are careers. A job is just what you are doing between your last job and your next job. Employers need to offer careers in order to get and retain good employees. People need to see a growth path.
The True Story Behind 'The Last Duel' Explains How It Wasn't Literally the Last DuelIt was the last of a certain type of duel.
Five Ways the Music Industry Has Changed Since Adele Last Released an AlbumHer continued streak of hits is close to a foregone conclusion, but here are five ways that the music industry has changed since we last heard from Adele. Tanked 👌🏿❤️ 🤗♥️ Check out Laycon's new album IALbyLaycon itsLaycon Laycon
Can the War on Drugs Find Peace at Last?Adam Granduciel has come a long way from the Philly indie-rock underground. Today, he’s a major-label artist with a Grammy who rubs shoulders with celebrities (or celebrity guitarists, anyway) in L.A. As he prepares to release the most deeply felt album of his career, he’s still wrestling with the restive streak that’s defined his career—and life.
Jodie Comer on 'The Last Duel' and Saying Goodbye to Villanelle‘The Last Duel’ actress Jodie Comer talks working with Matt Damon and Ben Affleck, her new perspective on red carpets, and wrapping up her ‘Killing Eve’ journey.
Amazon-owned Twitch says source code exposed in last week's data breachAmazon.com Inc-owned Twitch said on Friday that last week's data breach at the live streaming e-sports platform contained documents from its source code.
How long can China’s zero-covid policy last?Unlike Australia, New Zealand and Singapore, China seems determined to hold out Keeping on trying to kick it out is the best way to keep it as low as possible. In spite of what you've been told, NZ for one is going to continue trying to kick it out. You jumped the gun a bit there. Forget what Chineses Citizen feel about. Millions of People who lost their near & dear one to Covid-19 will definitely feel angry at China. Also millions of Poor Daily Wage Earners must be cursing Chinese for this Wuhan Virus.