Economy

Job listings year-over-year Though we’ve retired the word ‘unprecedented’, we’d be almost tempted to bring it back to recap 2021. It seems only fitting for a year that saw such significant growth and changes in employment numbers, expectations, and trends. …

As we ring in the year New Year amid climate chaos and a seemingly never-ending pandemic, to name just two of the leading sources of our collective trauma these days (not to mention the fact that we’re now in an …

As we near the end of another tumultuous year, we are seeing a substantial slowdown with far fewer jobs being posted. This flagging pace could perhaps be attributed to a fresh wave of COVID concerns, as questions about the impact …

For the past 6 months or so, we’ve held the view that while the U.S. is not plagued by a labor shortage, it is, rather, afflicted with a massive bid-ask spread between employees and employers that has essentially frozen the …

Jobs were falling right along with the autumn leaves in October—with nationwide listings down 1.1%. Job listings were down in a majority of states, occupations, and industries as well. This negative trajectory represents a notable shift, particularly at the industry …

As we look back on the third quarter of 2021 we see a labor market still clearly showing stress due to the lingering effects of the pandemic. In the most recent edition of our Economic Indicators Report, we do see …

Regarding the job market, the dominant narrative over the past few months has been that an unprecedented labor shortage is to blame for all sorts of nasty maladies afflicting the nation – evils ranging from the murder of the economic …

Our nation’s infrastructure is set to get a massive funding boost courtesy of the Federal government’s American Rescue Plan Act and bipartisan Infrastructure Investment and Jobs Act. In their new report entitled Hard-to-Fill Infrastructure Jobs: A Challenge to Building Our …

September holds mixed messages We begin the fall season on a not entirely positive note. Though job listings are still increasing—active job listings were up 2.7% last month, that’s an increase from the previous month’s 0.6%—the news isn’t all sunshine …

This past May, following a disappointing jobs report for April, we posited that the job market was not afflicted with a labor shortage but rather a wage shortage. In subsequent months, we expanded our argument by laying out the case …