State of the Labor Market
Commentary, data, analysis and insight into the US and global economy.
US job postings on Indeed.com on January 7 were 61.9% above February 1, 2020, the pre-pandemic baseline. Postings slipped since the week prior, but the immediate cause of this drop is unclear.
The labor market continues to present us with some confusing signals in the close of 2021.
Workers continued to switch jobs in light of the many opportunities the current labor market provides, with the private sector quits rate hitting an all-time high of 3.4%.
The labor market recovery accelerated last year as strong demand for workers turned into fast job growth and rising nominal wages.
Overall job search rose in November fueled by a jump in active job search among people currently out of work.