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2 ways jobs and pay didn’t make sense before the pandemic that are now ‘unwinding’, according to a top economist

economist william spriggs with janet yellen

Summary List Placement

The labor market is weird right now.

A lot of people remain unemployed, even though the number of job openings is high and businesses are desperate to hire. Americans that do have jobs are quitting at record-breaking rates. In other words, a major reshuffling is going on in the labor market.

As it turns out, a confusing labor market is nothing new, said Dr. William Spriggs, an economics professor at Howard University and chief economist at the AFL-CIO. Spriggs told Insider that low-paying jobs and older people remaining in the workforce were both surprising features details ⇒

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