Why Job Openings are through the Roof

August 11, 2021

By Josh Lehner, Oregon Office of Economic Analysis

We know job openings are at record levels both nationally and here in Oregon.

The question is why are they so high? At the most basic level the answer is consumer demand is strong and firms are trying to get back to pre-COVID staffing to meet that demand. As simple as that sounds, it's actually pretty unusual. It's certainly different than the experiences of the past two recessions which were long-lasting, and had a clear lack of demand. It took years for consumers to return and firms to staff up. Today we know incomes are strong and pent-up demand is very real.

Continue reading at Oregon Office of Economic Analysis.

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