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Since the rise of the COVID-19 pandemic in 2020, it has been estimated that 50% of paid hours were done remotely, compared to just 5% pre-pandemic.

After the initial COVID shock to the US economy, the bounceback in job growth has been remarkable. There remains an unsatiated appetite to hire by US employers.

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.

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.

The COVID recession that began in 2020 and the subsequent recovery through 2021 has been unlike anything in U.S. economic history.

The U.S. economy added a shocking 467,000 net new jobs in January 2022, far above expectations, despite the surge of Omicron cases that saw 15 million people get COVID last month.

Workers who want a job are getting them, but employer demand is slowing a bit from the frenetic pace of job gains earlier in 2021.

The U.S. created 531,000 net new jobs, and previous months’ numbers were revised upward.