Job openings tumble, layoffs up as red-hot job market cools

The number of job openings dropped 10 percent in August, indicating that the red-hot job market may be cooling down.

But the quits rate, which measures how many people quit their job in a given month, remained at 2.7%, slightly higher than the rate in July. “To replace a top producer costs the company a tremendous amount of money,” said Stacie Haller, an expert with ResumeBuilder.com. “It could take up to a year to replace that person by the time the company hires someone and they get trained, and that’s even if they decide to stay.”Ninety percent of companies plan a return to the office in the next year, according to a recent ResumeBuilder survey.

“Yes, companies apparently want everybody to come back in six months,” said Haller. “But I’m not sure the reality is going to be there, because there are many challenges.”

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Africa and New York business in Manhattan - New York Amsterdam NewsFilm maker, director, publisher and business visionary Anthony Abulu planned his NYC African Expo at the Marriott Marquis for a year.
Source: NYAmNews - 🏆 269. / 63 Read more »

Whole Foods Market recalls cheese from stores Connecticut, New Jersey and New YorkRECALL ALERT: WholeFoodsMarket is voluntarily recalling Zerto Fontal cheese from stores in Connecticut, NewJersey and NewYork -
Source: News12 - 🏆 591. / 51 Read more »