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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