2022

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Party Like It’s 1998

The bottom 25% of earners are gaining wages at the highest rate since 1998. Gains made by first quartile earners are outpacing those of higher quartiles by at least a full percent. 
23 Jun 22

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Featured Stories

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.
21 Jun 22
The Federal Reserve has just announced the highest interest rate hike since 1994.
15 Jun 22
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.
15 Jun 22

All Stories

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