Good signs for employment

Now, as vaccinations increase and companies are again able to make projections, they’re staffing up to capture booming demand, with the number of open positions across all online listings soaring 5 million above the pandemic’s start.

The EEUU labor market went on a hiring spree in March, adding 916,000 jobs amid the fast-paced coronavirus vaccine rollout.

“With the vaccination program likely to reach critical mass within the next couple of months and the next round of fiscal stimulus providing a big boost, there is finally real light at the end of the tunnel,” Capital Economics said in a research note.

Economists surveyed by The Wall Street Journal are predicting the US will add an average of 514,000 jobs each month over the next year, for a total of more than 6 million. While such a gain would represent the best 12-month stretch of job creation in decades, the US is not expected to regain all the jobs lost to the pandemic until later in 2022.

The new job listings are in areas that are reopening, like travel, leisure, and hospitality, but also in remote work and tech areas. Demand remains for workers in jobs that got a pandemic boost like construction, delivery, logistics and warehousing, and vaccine administration.

Nearly half of job seekers say they would like a remote job, even after the pandemic, according to ZipRecruiter.

Now, companies are trying to coax people off the sidelines by increasing wages, allowing for more remote work, looking at skills and not just experience. That’s a marked contrast to the rehiring after the recession of 2008 when employers could be quite picky and would layer on skill requirements.

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