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Labor Market Analysis

All articles tagged with #labor market analysis

labor-market-analysis1 year ago•2 min saved

"Assessing the Stability of the US Labor Market: Job Openings, Quits, and Market Demand"

Despite evidence suggesting that the labor market has stabilized, including a decrease in quits and a labor leverage ratio indicating a willingness to leave jobs for higher pay, other data paints a different picture. Job openings may not be as real as they seem, with analysts suspecting an increase in fake openings during the pandemic. Additionally, wage data from the Atlanta Fed shows that not everyone is keeping up with inflation, and over 100% of the increase in employment since 2020 is attributed to foreign-born workers. The surge in government jobs to handle immigration further challenges the notion of a strong job market, indicating potential underlying weaknesses.

via Mish Talk|

#government-jobs #job-openings #labor-market

labor-market-analysis1 year ago•2 min saved

"Job Quitting Declines as US Job Openings Increase: What It Means for Workers"

The latest jobs report revealed a concerning trend as the number of people quitting their jobs hit a four-year low, signaling a potential slowdown in the labor market. Economists believe this reluctance to quit indicates waning confidence in finding new employment and could lead to reduced wage gains. This trend, known as "grumpy staying," has emerged as job openings decrease and the labor market becomes more competitive, giving employees less leverage to negotiate better pay or benefits. Additionally, layoffs in tech and media companies have added to Americans' unease about the job market, and the Congressional Budget Office expects the unemployment rate to climb in the next 12 months as the economy feels the impact of the Fed's rate hikes.

via Business Insider|

#job-market #job-openings #labor-market

labor-market-analysis2 years ago•4 min saved

"Unveiling the Paradox: Navigating Worker Sentiment in a 'Positive' Labor Market"

Despite positive labor market data, many workers and job seekers are struggling due to uneven recovery across different cities and states, with some areas still experiencing elevated unemployment and increased cost of living. Job openings have decreased, layoffs and hires are at low levels, and companies are not adding staff in great numbers. The disconnect between worker sentiment and broader job market data is attributed to geographical variations and recent economic improvements that have yet to be reflected in worker sentiment. There is a risk of over-cooling in the national labor data, and key indicators such as quits and hires have deteriorated from 2019 levels.

via CNBC|

#economic-conditions #hiring-trends #job-seekers