Job Openings Are at Record Highs. Why Aren’t Unemployed Americans Filling Them?
A mismatch between available workers and job openings is plaguing the labor market as potential employees leave cities or industries where businesses need them most.
The Impact of Coronavirus on US Job Postings Through June 18
US job postings on Indeed.com on June 18 were 30.5% above February 1, 2020, the pre-pandemic baseline. Human resources jobs have increased dramatically.
No matter what you call it, hiring is difficult right now and seems to be especially difficult in the food and beverage service industry. Anecdotes abound about understaffed restaurants struggling to hire, workers pivoting from food service to new industries, and new incentives being offered to entice workers. Whether you choose to call it a labor shortage or a great realignment of labor, changes happening in the industry today will reverberate for years to come.
Pace of US job growth picks up as signs point to tight labor market
The US economy added 850,000 jobs in June, a noticeable pickup from the average of 546,000 jobs over the previous three months and much faster than the pace in the three months before that. This still leaves the economy 9 million jobs short of its trend.
Daniel Zhao on Twitter: "#JOLTS this week showed quits jumping to a record high. Some of these quits may have simply been delayed from earlier in the pandemic. There were ~5.1m "missing quits" during the pandemic at their peak in Feb 2021. Raises the question: how many more delayed quits may be coming? https://t.co/4fm91zWyui" / Twitter
#JOLTS this week showed quits jumping to a record high. Some of these quits may have simply been delayed from earlier in the pandemic.
There were ~5.1m "missing quits" during the pandemic at their peak in Feb 2021. Raises the question: how many more delayed quits may be coming? https://t.co/4fm91zWyui
The Inflation Red Herring by Joseph E. Stiglitz - Project Syndicate
Far from signaling the return of significant inflation, temporary price increases are exactly what one would expect in a recovery following an economic shutdown. Whether those peddling inflation fears are pursuing their own agenda or simply jumping the gun, they should not be heeded.
A New Way to Measure How Many Americans Work More Than One Job
The number of workers holding two or more jobs has increased from 1996 to 2018. The Census Bureau’s Longitudinal Employer-Household Dynamics tracks the growth.
States rebound from bleak forecasts to pass record budgets
JEFFERSON CITY, Mo. (AP) — Just a year ago, the financial future looked bleak for state governments as governors and lawmakers scrambled to cut spending amid the coronavirus recession that was projected to pummel revenue.
Euphoria over the U.S. economy reopening is fading, consumer confidence survey shows - MarketWatch
The confidence of Americans in the U.S. economy slipped in May for the first time in six months as they grew more worried about job prospects and higher...
Job Search, Job Posting and Unemployment Insurance During the COVID-19 Crisis by Ioana Elena Marinescu, Daphné Skandalis, Daniel Zhao :: SSRN
During the COVID-19 pandemic, many businesses had to close and unemployment skyrocketed. To help the unemployed, the CARES Act increased US unemployment benefit
Will productivity and growth return after the COVID-19 crisis?
Bold innovation by some firms under pressure of the pandemic could deliver a productivity dividend, but that depends on corporate action broadening and robust demand.