There are twice as many job openings as people looking for work right now, after July job openings rebounded from a drop in June — which economists said could indicate a cooldown in the hiring market at the time
Not only are workers seeking out new jobs in the tight market, but they're also setting their salary expectations higher.
Konkel says there's likely a push and a pull factor at play: Job-seekers understand that in the tight market, they're in the driver's seat to leverage employers raising their wages, and they're changing their salary expectations accordingly. The typical job-switcher got aOn the other hand, with record inflation at play, people may also be searching for higher-paying jobs in order to make ends meet.
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