The number of unfilled jobs in the United States increased last March to an all-time high of 11.5 million vacancies, up from 11.34 million the previous month and more than three million above 8, 4 million as of March 2021, according to Labor Department data, which goes back to December 2000.

Thus, the number of job vacancies in the United States in the month of March practically doubled the figure of 5.952 million unemployed in March, which means 1.9 jobs available for each unemployed person.

In the private sector, the number of job vacancies increased to 10.5 million free positions, while in the public sector there were 1.04 million unfilled positions.

By sectors, the largest increase in vacancies to be covered corresponded to retail trade (+155,000), as well as the manufacture of durable goods (+50,000). By contrast, job offers decreased in transport, storage and public services (-69,000); as well as in local and state education (-43,000).

On his side, the number of job resignations also reached the highest figure in the entire historical series, with 4.5 million, an increase of 152,000 abandonments compared to the previous month, which is equivalent to a rate of 3 %.

Voluntary terminations increased mainly in professional and business services (+88,000) and construction (+69,000).

Source: dpa

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The US Department of Labor published a report reporting that the country opened some 467,000 new job vacancies during the month of January, greatly increasing the projections made by economists, who estimated some 150,000 jobs.

In a survey previously carried out by Dow Jones, different economic analysts expressed their pessimism regarding the work environment, due to the impact that the pandemic is having on the economy. Especially with the development and expansion of the omicron variant of Covid-19, which seemed to enter one of its most important peaks after the Christmas celebrations.

The increase in job vacancies presents an excellent outlook for the local economy of the United States, which since last year has maintained an unemployment rate of around 4 %. However, with the increase in these new places, the projections improve positively.

Job vacancies as an indicator for the FED

One of the variables that worries the US Federal Reserve (FED) is the increase in inflation levels, but the reactivation of the labor market has become an excellent indicator for the institution.

Some analysts consider that it is a very good sign for the FED because as of March the institution plans to begin modifying some measures that it has implemented as a result of the pandemic. The following are some of the most relevant: significantly reduce the capital destined for repurchase of sovereign bonds, in addition to increasing bank interest rates, which have remained close to 0 since 2020, and reducing the economic support that is impacting inflation levels.

Concern in the crypto market

The crypto market could be impacted if the FED executes the aforementioned measures because it would represent less liquidity for the digital currency ecosystem, especially for Bitcoin due to the lack of financial instruments that offer greater exposure to more traditional investors.

Joel Kruger, market strategist at LMAX Digital, noted: “The data suggests that the Fed will have to be more aggressive with rate hikes…this juncture will continue to have a negative impact on cryptocurrencies for the time being.”

Despite the negative expectations that analysts have for the crypto market, the price of cryptocurrencies has increased in recent days, particularly Bitcoin, which exceeds 40 thousand dollars.

M. Rodríguez

Source: diariobitcoin.com

La entrada The US created 467 thousand new job vacancies in January apareció primero en Bitfinance.

The Amazon company is in a process of hiring developers, to work on the implementation of payments with cryptocurrencies within its electronic services.

Since last week Tesla reported on the purchase of 1.5 trillion dollars in bitcoin, cryptocurrencies have raised many comments, waiting for the next giant to make a move within this sector.

It seems that Amazon will be the one that is ahead of others, as in the case of Apple, that seemed at first to be the next to take a step forward.

Recently, Amazon’s Emerging Digital Payments (DEP) division has updated a job offer that had initially been launched in October last year. The offer is looking for developers and engineers, from different branches, to work on the development of a payment product related to digital currencies.

Concerning this information, many experts assure that the company would plan to develop its own digital asset and launch it to the Mexican market for initial tests.

K. Tovar

Source: Bitcoin.es

La entrada Amazon seeks developers for digital currencies project apareció primero en Bitfinance.