General World News

America’s job market is sick. For it to get healthy, workers will need to get some ‘bad’ news.

now hiring sign

Summary List Placement

The US job market is in an interesting place. Despite a pick-up in jobs growth, payroll employment remains about 6.7 million its pre-pandemic peak and roughly 9.5 million below the trend if hiring had continued at the same pace, indicating a significant degree of slack. On the other hand, several widely followed metrics indicate a tighter labor market than meets the eye.

  • The quits rate is 2.5%, the second-highest level on record after the last month. Workers quit when they feel good about their prospects finding higher paying jobs. 
  • Wage growth is accelerating, especially details ⇒

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