Full Recovery in Global Labor Market Could Take Years
This post was originally published on this siteThe U.S. labor market is nearing, or may already be, at full employment, but a United Nations agency said that is far from true in many other parts of the world, with the Omicron variant of the Covid-19 virus is likely stretching out...
Jobless Claims Likely Remained Near Decades Low
This post was originally published on this siteU.S. employers are trying to hold on to their employees, facing a tight labor market as millions of workers quit their jobs.
Record-High Job Openings Persist in Tight Labor Market
This post was originally published on this siteThere were more than 11 million job openings in early November, according to jobs site Indeed, well above the number of unemployed workers.
Private payrolls added 571K in October, beating expectations
This post was originally published on this siteU.S. private sector businesses added 571,000 workers in October, according to a Wednesday report released by payroll processor ADP, beating market expectations.Economists expected U.S. private payrolls to add roughly 400,000 last month as the U.S….
Jobless Claims Likely Held Near Low Levels
This post was originally published on this siteEconomists expect a Labor Department report to show that filings for unemployment benefits remained near a pandemic low last week as employers contend with a tightening labor market.
Labor shortage, inflation pose political obstacles for Biden
This post was originally published on this siteMillions of Americans have yet to return to work after dropping out of the labor market amid the onset of the pandemic, posing serious political obstacles for President Biden as he rushes to cement his economic agenda. Though the U.S. economy…
Tight Labor Market Keeping Jobless Claims in Check
This post was originally published on this siteEconomists estimate unemployment applications fell to near a pandemic low.
