Of the 25,000 respondents to the American Opportunity Survey, almost half say they have actively sought new work in the past 12 months, are currently looking for a new job, or plan to start looking in the next year (Exhibit 2). Quits levels and rates by industry and region, not seasonally adjusted,” Job Openings and Labor Turnover Survey, US Bureau of Labor Statistics, August 2, 2022. According to the Bureau of Labor Statistics, 4.2 million people left their jobs 4 The survey confirms recent reports of large-scale churn in the labor market. If you would like information about this content we will be happy to work with you. We strive to provide individuals with disabilities equal access to our website. This suggests either that the jobs available aren’t the ones jobseekers want or that jobseekers don’t match the profile desired by employers. The Bureau of Labor Statistics defines discouraged workers as “persons marginally attached to the labor force who did not actively look for work in the prior 4 weeks for reasons such as thinks no work available, could not find work, lacks schooling or training, employer thinks too young or old, and other types of discrimination.” See “Labor force statistics from the current population survey,” Bureau of Labor Statistics, accessed June 21, 2022.
In addition, a US Bureau of Labor Statistics survey shows that there were 424,000 “discouraged workers,” a subset of workers who are not in the labor force, in July 2022 (similar to prepandemic levels). The largest group (28 percent) saying the biggest barrier to their employment search is the limited availability of jobs (Exhibit 1). Yet many employed and unemployed respondents in the survey see a radically different reality, with Olivia Rockeman, “US job openings rose unexpectedly to record 11.5 million,” Bloomberg, May 3, 2022.įor every unemployed American, and employers are responding by raising wages and offering alternative working arrangements to attract and retain workers. Matching the 50-year low reached in February 2020. “The employment situation-July 2022,” Bureau of Labor Statistics, August 5, 2022. The unemployment rate was 3.5 percent in July, 1 With lower incomes and less education, people living in rural areas, or people aged 65 and older are underrepresented among internet users and those with high-speed internet access. It is possible that biases were introduced because of undercoverage or nonresponse. “Internet surveys,” Pew Research Center, accessed July 22, 2022. Given the limitations of online surveys, 1 To better reflect the population of the United States as a whole, post hoc weights were made to the population characteristics on gender, age, race/ethnicity, education, region, and metropolitan status. A sample of 25,062 adults aged 18Īnd older from the continental United States, Alaska, and Hawaii was interviewed online in English and Spanish. The article is based on a 25-minute, online-only Ipsos poll conducted on behalf of McKinsey between March 15 and April 18, 2022. While news reports often focus exclusively on the surplus of jobs available in the aggregate, many survey respondents say they are facing a shortage of jobs that are a fit in terms of geography, skills, and nonwage considerations such as flexibility.
Part of a series, this article presents our most recent survey’s findings on the job market and the reasons Americans give to explain why they are out of work and unable to find a new position. This apparent contradiction between official reports of a glut of job openings and the belief of many jobseekers that there are limited posts available is one of the key insights of the third edition of McKinsey’s American Opportunity Survey, which explores Americans’ perceptions of the currentĪnd future state of the US economy-and their place within it (see sidebar, “About the survey”). This article is a collaborative effort by André Dua, Kweilin Ellingrud, Michael Lazar, Ryan Luby, and Sarah Pemberton as part of an ongoing McKinsey research undertaking to understand the perceptions of and barriers to economic opportunity in America.
0 kommentar(er)
