March Jobs Report Reaction: Blockbuster Job Growth, the Great Return, and Return to the Office
The four big stories in last week’s jobs report are continued blockbuster job growth, the accelerating return to work, a rapid return to the office, and soaring wage growth for non-managerial employees. Sustained Blockbuster Job
The February 2022 JOLTS Report: Remarkable Job Market Conditions Persist
The February 2022 JOLTS Report: Remarkable Job Market Conditions Persist This Remains the Tightest Labor Market on Record Little changed in yesterday’s JOLTS report, but that is remarkable in and of itself. Extremely, unusually tight
This is What Job Seeker Bargaining Power Looks Like
More than half of employed job seekers think their current employer will ask them to stay and make a counteroffer if they resign Employers to Employees: Please Don’t Go! Instead of asking workers to leave,
January 2022 Had the Tightest Labor Market on Record
Today’s JOLTS report underscores how remarkable the current labor market climate is. It is the tightest labor market on record, with nearly 5 million more job openings than unemployed Americans. And the Great Resignation continues,
The Jobs Recovery Accelerated as Omicron Faded
Quotes may be attributed to Julia Pollak, Chief Economist at ZipRecruiter, a leading online employment marketplace The U.S. economy added 678k jobs in February as Omicron faded, soundly beating expectations. Totals for the prior two
Why Ongoing Labor Shortages Could Boost Employment and Earnings for African Americans
Labor shortagLabor shortages have played an outsized role in black American history, from slavery to the world wars to the present. Although labor shortages in the early colonies formed the rationale for bringing enslaved Africans
Despite Disrupting Employment in Multiple Ways, Omicron Barely Dented the Jobs Recovery
Over the past 16 months, there has been a strong relationship between daily new Covid cases and employment. If that relationship had continued to hold true even as daily new Covid cases surged to 800,000
December JOLTS Report: The Best Job Seeker’s Market Ever Was Growing Ever More Favorable for Workers Before Omicron
In December, job openings rose from 10.78 million to 10.93 million, almost matching their all-time record high, while hires fell from 6.60 million to 6.26 million. The diverging numbers highlight the intensifying hiring challenges facing
The Big Quit and the Tightest Labor Market Ever
It is usual for businesses to report difficulty retaining qualified workers and attracting new ones, even in normal times. But the recent Job Openings and Labor Turnover Survey (JOLTS) report, with data through the end
2022 Labor Market Outlook
Why 2022 Will Be a Goldilocks Year in the Labor Market The labor market in 2022 could reprise the story of Goldilocks and the Three Bears: where 2020 was “too cold,” and 2021 was “too