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The current labor market is often described as "tight," and it may be hard to visualize what that really means. Considering the ratio of unemployed people to job openings gives a clearer picture of exactly how tight or slack the labor market is.
The Federal Reserve has just announced the highest interest rate hike since 1994.
Summer is upon us. School’s out, vacations are beginning, and people are ready to hit their favorite seasonal locales. However, facing a labor shortage, businesses might have a hard time keeping up this summer.
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Quits rates are at an all time high, reaching 3.0% in November of 2021. Interpreting this trend has two camps: a cultural shift where people have a lower willingness to work, or a cyclic pattern exhibited during times of quick economic recovery.
1 minute read
In the period after a peak Omicron surge and before war broke out in Eastern Europe, the US labor market recovery accelerated, as hiring ramped up and more people returned to the labor force.
5 minute read