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There are still almost two jobs open for every person looking for work, the Bureau of Labor Statistics reported this week.
There is a very real chance that the country may end up paying a price for getting inflation under control. That price is recession.
“I don’t believe it’s the role of government to punish private businesses because we don’t like what they say or do,” Hutchinson told Marketplace.
Two years ago, more than 4 million people filed for benefits in a single week. This year, the number’s around 180,000.
Nearly half of American workers are looking for a new job or plan to in the next year. One-third are ready to quit without a new job lined up.
Bart Hobijn of the San Francisco Fed finds that during fast recoveries, workers often leave companies to join other companies.
We talked with two people who were out of work in March 2020 about how the pandemic has affected their personal economies.
The Labor Department’s report Friday also showed that the unemployment rate dropped from 4% to 3.8%.
Recent numbers suggest this economy is increasingly shrugging its shoulders at the pandemic.
Many older people returned to work, but the recovery isn’t as strong for people of color and women.