How hot is the job market? Hot enough that would-be employees are standing up interviewers and not showing up for their first day of work. Not only that, but there has been an uptick of employees walking out of work and never coming back –without giving any notice.
This type of behavior clearly exhibits confidence in the economy with workers certain that they will quickly find a new job. In the case of job applicants not showing up for interviews or for their first day of work – it could be that they have a better opportunity elsewhere.
The trend, however, is a headache for employers who are desperate to find able bodies during this worker shortage. If finding talent wasn’t hard enough, retaining talent is also becoming an issue. According to data from the Labor Department, 3.4 million Americans quit their jobs in April, the latest month for which data is available, near a 2001 peak.
Voluntary departures were double that of layoffs in the same month, with 1.7 million workers losing their jobs in the same month.
Source: Fox Business