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
The Labor Force Participation Rate for Persons With a Disability Is Nearly 2 Percentage Points Higher Than Pre-pandemic
Labor force participation dropped sharply at the start of the pandemic, and has still only partially recovered. Most population groups have seen substantial declines in employment and labor force participation. But there are a few
Pennsylvania Saw the Lowest Number of Layoffs in the Nation’s History
Only 1.1 million people — 0.8% of all U.S. employees— lost their jobs in December, according to the nationwide Job Openings and Labor Turnover survey. That is the lowest number of people laid off in
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
12 States Hit Their Lowest Unemployment Rates of All Time
Today’s State Employment and Unemployment report provides much-needed detail to supplement the monthly jobs report and underscores what an unusual economic recovery this has been so far. 12 states have now recovered all of the
Record-High Quits are Being Driven by “Too Much Stress”
A record 4.5 million people quit their jobs in November, according to the nationwide JOLTS report. Now, with the latest State JOLTS report released this morning, we know which states are responsible for the spike
2021: A Record-Breaking Year for U.S. Labor Market
Today we received the last piece of the 2021 employment puzzle from the jobs report released by the U.S. Bureau of Labor Statistics. The U.S. economy added 199k jobs in the month of December, and
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
Eight States Hit Their Lowest Unemployment Rates of All Time
December 17th State JOLTS and Unemployment Reports Today’s State JOLTS and State Employment and Unemployment reports show that unemployment is in free fall in most U.S. states. Eight states hit new individual record lows. At