Open Jobs Down to 9.93 Million in February

By Manuel Gutierrez, Consulting Economist to NKBA

There was a sharp drop in the number of jobs open in the first two months of this year. In February, there were a total of 9.93 million open jobs, and in January, there were 10.56 million — while in December 2022, there were 11.23 million. Additionally, there were 2.1 million fewer open jobs available in February than the peak number of jobs available in March 2022.

The highest number of openings were in health fields, with 1.68 million jobs available. This number represented one in six of all open jobs, or 17 percent of the total. Even though employment in health has recovered all the jobs that were lost during the pandemic, this industry is still facing a large need for workers.

The hospitality sector saw the second-highest number of openings: 1.3 million available jobs. But unlike the health sector, employment in hospitality was still lagging behind pre-pandemic levels by 2.4 percent. There were 14.1 million jobs in the hospitality industry — and the vast majority of them (almost nine in 10) were in “food service” establishments, such as bars, cafeterias, etc., with the remainder being hotel jobs.

Among categories closer to some of our members’ businesses, there were 412 thousand openings in construction, accounting for 4.1 percent of all job openings in February. Compared to the previous month, job openings rose by 129 thousand. The construction sector saw 349 thousand job separations (156 thousand of which were persons quitting their job) and 369 thousand hirings. Compared to a year earlier — when the construction industry had 421 thousand openings — the number of open jobs in February was slightly lower.

Government, including all levels, had nearly one million available jobs, accounting for about 10 percent of job openings. The vast majority of these jobs were at the state and local levels, 86 percent of the total. Out of these, one-third were at state and local educational institutions.

Other areas with a large number of available jobs were retail businesses, with 829 thousand openings, and Manufacturing, which had 694 thousand open jobs.

The post Open Jobs Down to 9.93 Million in February appeared first on NKBA.

By: NKBA Staff
Title: Open Jobs Down to 9.93 Million in February
Sourced From: nkba.org/2023/04/open-jobs-down-to-9-93-million-in-february/
Published Date: Fri, 14 Apr 2023 12:48:05 +0000

Frequently Asked Questions

What is the best order to remodel a kitchen?

Electric and plumbing rough-ins
Drywalling
Painting
Kitchen cabinet installation
Flooring installation
Countertop installation
Backsplash installation
Appliances

Are open-concept kitchens on the decline?

The appeal of open-concept designs is not dying. They offer modern design and are easy to access from all areas. For many reasons, homeowners are returning to traditional kitchen designs.

An open-concept, noisy kitchen is one reason. A second reason is the difficulty in keeping a clean open-concept space tidy due to all of the dust and cooking gasses that circulate throughout.

Open-plan kitchens are great for families who want to cook together. Open-concept kitchens can prove to be a problem if your children like to work in the kitchen, and not listen to their parents. If you’re considering an open-concept kitchen, carefully weigh the pros and cons before making a decision.

Is it possible to DIY a Kitchen Renovation yourself?

You may be wondering if you can actually do your own kitchen renovation. While the answer is yes, there are some things that you need to keep in mind.

First, a kitchen remodel can be a huge undertaking so ensure you have the necessary time and energy. Before you start, it is important to be proficient in plumbing and carpentry. You also need to decide which aspects of your kitchen you would like to change, such as adding additional storage space, replacing old appliances, or improving lighting.

Once you’ve planned your kitchen renovation, it’s time to start shopping for materials. You will need to make a decision about cabinets, countertops, flooring and appliances.

It is a good idea to plan your kitchen layout before you shop. This will allow you to determine how much space is needed and which layout would be most effective in your kitchen.

When it comes to cabinets, you have many options. You can choose from ready-to-assemble (RTA) cabinets or custom cabinets. RTA cabinets come with a range of colours and styles. They are often less expensive that custom cabinets.

Before undertaking a large-scale renovation, it’s essential to make sure you have taken all necessary steps to ensure safety and security. For renovations, it might be a good idea to check the local building codes.

It is tempting to try to complete a large-scale remodel on your own. But it is better to get professional assistance. You can save time and money by hiring a professional contractor. Working with a professional will make sure that your project goes smoothly.

How to save money on kitchen remodel costs

Here are some tips for kitchen remodeling that can save you money.

Do your research.

Research is the first step in any kitchen remodel. This will help you to have a clear vision of the kitchen you wish to remodel. Research will help you find cost-saving options.

Create your budget.

Once you have an idea about what you want from your kitchen remodel project, it is time to set a budget. This will help you decide how much money to spend on the job. To avoid overspending, it is essential that you adhere to your budget.

Check out other websites for specials and discounts.

Consider looking for deals and discounts when shopping for kitchen appliances and materials. This will allow you to save money on kitchen remodeling costs.

Hire a reputable contractor.

It is important to find a contractor that you trust and who has a solid track record when remodeling your kitchen. A reliable contractor will provide quality work at an affordable price.

Do the work yourself.

If you are handy around your home, you might consider doing the work yourself. This will save you money on kitchen remodeling costs, and it will give you satisfaction knowing that you did the work yourself.

Following these tips can help you save money on your kitchen remodel costs.

Statistics

Your most significant cost investment for a kitchen remodel will usually be cabinets, typically comprising 25 percent of your budget. (hgtv.com)
Followed by cabinet cost, labour, and appliance costs consume 20 percent each of your budget. (hgtv.com)
According to Burgin, some hinges have this feature built-in, but it’s an add-on cost for other models of about $5 retail, adding up to $350 to $500 for an entire kitchen, depending on size. (hgtv.com)
This is rather grim, but according to Business Insider, 12 percent of couples consider getting a divorce while renovating their home! (familyhandyman.com)
Experts also recommend setting aside 20 percent of your budget for surprises, including unpleasant demolition discoveries. One is water damage, the electricity that is not up to code, or other budget-spiking gotchas. (hgtv.com)

External Links

How To

How to design a kitchen that you will love cooking in for many years

Kitchens should have a mix of aesthetics, practicality, and functionality. It is important to plan your space carefully so you feel at home and can prepare delicious food, entertain friends, or just relax after a hard day.

Here are some tips to help you plan your dream kitchen:

The layout that is most suitable for you will be the best. L-shaped and U-shaped kitchens are the most popular. L-shaped kitchens can accommodate multiple cooks and are ideal for entertaining. U-shaped kitchens work well for families that spend a lot time in the kitchen. They offer ample storage and counter space. Galley kitchens make small spaces more manageable and efficient.
Consider the different options for cabinetry and make sure you are choosing high-quality products. There are many options, depending upon your budget. You will reap the benefits of investing in high-end cabinets. They will last longer and look better.
Choose a color scheme that makes your heart happy. Find a color palette that is vibrant and brings joy to your kitchen, no matter what your favorite color is. It could be bright colors or soft pastels. It should match the rest of your room.
You should find a balance between beauty and function. It is not necessary that your kitchen be stunning all the time. Sometimes it is more important to think about functionality than appearances. However, this does not mean that you shouldn’t include some decorative elements. For a striking focal point, use a mixture of glass and metals like chrome, brass or ceramic.
Create a comfortable environment. When designing your kitchen, remember that comfort should always come first. You’ll spend a lot of time in this space, so it needs to feel inviting and welcoming. Add some seating areas, lighting fixtures, and other features that will help you relax after a long day.
You must not forget about storage. The kitchen should provide ample storage space for all your cooking tools and utensils. Consider adding cabinets to your kitchen when you are planning a remodel.
Include a pantry. A pantry allows you to efficiently organize and store food items. Additionally, a separate place where you can store additional supplies will help to keep clutter away from the rest of your kitchen.
A new flooring option might be worth considering. The flooring you choose will significantly impact your kitchen’s overall look and feel. There are many flooring options. You can save space by using the same flooring in all rooms.
Plan for expansion. Insufficient space for future growth is one of the most common mistakes made when remodeling a kitchen. You should consider expanding your kitchen by installing sliding doors, adding another walk in closet, or increasing the counter space.
Be sure to let plenty of light in your kitchen. A bright, well-lit kitchen will allow you to fully enjoy it. You should ensure that your kitchen is well-lit and has plenty of natural light.
Energy-efficient appliances are recommended. Remodeling your kitchen should be about energy efficiency. This means you need to replace older appliances with more energy-efficient models.
Be realistic about your budget. Analyze your financial situation before you start shopping for kitchen appliances and cabinets. You will be able to narrow down your choices and save money over the long-term if you know how much you can afford.
Designate a space for entertaining. Whether you enjoy hosting dinner parties or entertaining friends over drinks, a designated area for dining will allow your guests to socialize and gather.
Incorporate an island. An island is a great addition for any kitchen.