Nick Bunker is the Economic Research Director for North America at the Indeed Hiring Lab who focuses on the U.S. labor market. He was previously a Senior Policy Analyst at the Washington Center for Equitable Growth, an economics think tank. Prior to that, Nick was a Research Assistant at the Center for American Progress. He holds a B.S.F.S. in international economics from Georgetown University.
The April report might seem disappointing at first glance, but the strength of the labor market remains remarkable.
As of March, there were 1.9 job openings for every unemployed person.
Pay gains remain strong, but fewer workers are keeping up with rising prices.
The tight labor market, in combination with waning COVID-19 concerns and high inflation, are leading more people to leave retirement and reenter the workforce.
The job market is on a solid trajectory as robust demand pulls more workers into employment with strong wage growth.
The Indeed Hiring Lab is an international team of economists who provide insights that help drive the global labor market conversation.
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