The 'new normal' may be here for the job market — and it could be painful for employers - Jacksonville Business Journal

After another month marked by thousands of layoffs, continued recession fears and companies tightening their belts, job openings remained resilient.job openings actually increased from 10.44 million at the end of November to about 11 million

"The labor market is continuing to show its historic resiliency in the face of all the conjecture about a possible recession. 10-11 million job openings in the U.S. has become the new normal. Once again, there are nearly two job openings for every unemployed person,” said Richard Wahlquist, president of the American Staffing Association.

“It’s a very tight market, and I don’t expect it to change too much, and that’s partly because we’re missing a lot of people,” said Lightcast Chief Economist Bledi Taska. “More than 2 million people are not in the labor market because of retirement, Covid or other reasons. It will take a lot of time to either replace those people or to bring them back on.”

One industry that saw a surge in job openings was construction, which increased 82,000 in December, despite increasing interest rates.

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