Inflation Soared in May, Breaking Another 40 Year Record
With prices going up 1% in a single month, today’s Consumer Price Index report suggests that high inflation will last longer than once expected. Inflation approaching double digits will likely put pressure on the Federal
A Goldilocks Jobs Report: Solid Job Gains, Cooling Wage Growth
The May jobs report was yet another blockbuster with huge job gains: 390k jobs added—almost double the monthly average job gain before Covid. And job gains would have been even higher were they not restrained
April 2022 JOLTS: Job Openings and Quits Remain Near Record Highs, Layoffs Fall to a Record Low
The April JOLTS report released today by the U.S. Bureau of Labor Statistics points to a robust and vibrant labor market, and the tightest on record. There were 11.4 million job openings—63% more than before
Kentucky Has the Highest Number of Job Openings Relative to the Size of Its Workforce
Alaska Leads the Great Resignation This month’s Job Openings and Labor Turnover Survey recorded 11.5 million job openings across the U.S., a new record high. And a record 4.56 million workers quit their jobs. This
April Brings Glimmers of Hope in the Economy’s Battle With Inflation
The U.S. economy heaved a sigh of relief with today’s Consumer Price Index release. After 16 months of rising inflation, this is the first report that shows disinflation in the economy. However, the decline was
Job Market Continues Running Hot
Today’s jobs report is another scorcher, with large employment gains broadly spread across the economy. The addition of another 428k jobs in April brings the number of jobs added in just the first four months
March 2022 JOLTS: The U.S. Job Market Dials Up the Heat on Employers
Today, the U.S. Bureau of Labor Statistics released the Job Openings and Labor Turnover Survey (JOLTS) report for March. Here are the highlights. There is little sign of cooling in what remains the greatest job
Rapid Reaction: Employment Cost Index
Private-sector wage growth hits record highs across occupations but fails to keep up with inflation Nominal wage growth is at record highs, but failing to keep up with inflation, in most occupations and industries. Here
5 Ways the Hiring Climate Has Changed Since the Pandemic
Hot job market puts new hires in the driver’s seat, according to new ZipRecruiter survey of 2,000+ Americans hired in the last 6 months Two years after the start of the pandemic, U.S. job seekers
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