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Read video transcript
– Good, I do. (laughs)
Sun’s out, guns out.
You want me to put the hat on backwards?
I think I look like a baller, what do you think?
Here, give me those sunglasses.
Hello, ladies and gentlemen.
It’s Friday and that means Beer with Emsi.
Today, we’re eating, or drinking, Jeremiah Johnson Mountain Man Scotch Ale.
Also it’s April.
For all my golf friends out there, that means it’s Masters month.
And so I’ve got my Masters gear on.
I’ve actually never been to the Masters, but I have played Augusta.
Now you’re all drooling.
Get over it, you’ll be fine.
(can tab pops)
Mmm, that’s really good.
It’s May, which means that this Beer with Emsi, we’re gonna talk about April.
April economy, April job postings.
The economy is opening back up and companies are struggling to find the talent that they need.
That’s the big picture, but let’s talk about some specifics.
First, there were three million new job postings in April.
Retail, professional services, logistics, and healthcare added the most new postings in the month.
Now, three million postings is a little bit of a, no, let me.
The problem is I start to drink the beer and you get the beer foam.
Now three million postings is a little bit of a slow down after the huge uptick in March, but still it demonstrates a huge demand for workers.
In fact, the U.S. now has over seven million job openings.
So a lot of employers are trying really hard to hire people and they’re having a really tough time finding them.
The good news is that based on recent labor data, it looks like people are starting to return to work in earnest.
And we’re super encouraged by that.
The second thing I wanna talk about is the enormous demand for remote jobs.
Remote job postings have exploded, nearly 350% above where they were at the beginning of 2020.
Remote postings now make up 10% of all postings in the U.S., compared to early 2020, when they made up just 3% of all postings.
But here’s the problem.
Dun, dun, dun.
All this good news means we have to have bad news.
All this remote work is driving up resignation rates.
(sighs) All right, back at it.
In a recent research paper, we discovered that a large number of mid-career professionals are opting for new work.
Well, think about it.
If you can work remotely, you don’t have to move, you don’t have to pull your kids out of school, and you can just start a new job, right where you are.
So we are expecting to see record high, say it again, get the beer foam out.
(clicks tongue) Pop it.
So we are expecting to see record high resignation rates this summer.
Third, and finally, we just released a brand new study about the labor shortage in America and I think you should check it out.
Look at this link right here.
Why are employers struggling to find workers?
Because the U.S. is starting to feel the beginning of what we’re calling a Sansdemic.
Not enough people for all the work that needs to get done.
The people shortage is only gonna get worse over the next few decades and we can’t stop it.
How about that for depressing news?
But the good news is we can survive it.
Check out our new report and let us know how we can help.
Thanks for all your work and happy Beer with Emsi on this Friday.
Happy Beer with Friday.