The month of July saw a surge in U.S. job openings and more residents voluntarily quit their jobs. This information points to sustained labor market confidence and strength that will spur increased wage growth. A survey released by the Labor Department suggested an increased tightening in the conditions of the labor market which suggests employers having increased trouble finding skilled workers. The tightening labor market may boost wage gains, but some economists warn that the shortages could be detrimental to economic growth. There are many job opportunities in the U.S., making it an ideal time to relocate for work. Contact USAFIS for immigration information about the Green Card Lottery.
Job vacancies skyrocketed to 6.9 million in July, an increase of 117,000. The increase is at the highest level since December 2000. The current level of open jobs equals a job for the 6.2 million Americans who were unemployed in August. The hiring rate was at 3.8 percent for two months in a row. The finance and insurance sector had 46,000 job openings in July. There were 32,000 vacancies in nondurable goods manufacturing. The overall manufacturing sector job opening rate increased to 3.8 percent in July from the 3.6 percent in June. With the many job options available, now is the time to consider moving to the U.S. USAFIS assists immigrants with their Green Card Lottery applications so they will not be rejected due to errors. Any application errors will disqualify them from the Green Card Lottery. USAFIS will help you through every step of the process. Contact them today!