The Power of Labor: Record Churn & Quits among Workers as Employers Desperate to Fill Huge Number of Job Openings by Wolf Richter • Nov 12, 2021 • 195 Comments Millions of people are still watching this spectacle from the sidelines.
Jobs Data Shows Something Big Changed in this Monstrously Overstimulated Economy by Wolf Richter • Nov 5, 2021 • 306 Comments Record GDP, record consumer spending, record private investment, but the number of workers accomplishing these feats is down by 4.7 million.
Employers Forced to Raise Wages by Most in at Least 20 Years: Whole Power Balance Has Changed by Wolf Richter • Oct 29, 2021 • 126 Comments Margin pressures from surging labor costs for the first time in two decades.
“Wage Pressures,” “Robust Wage Growth,” “Wage Inflation,” even “Wage War” Plastered All Over Fed’s Beige Book by Wolf Richter • Oct 20, 2021 • 148 Comments Wages are heating up. And it’s also now starting to show up in the data: The wage component in the fuel for persistent big inflation.
What the Record Spike in “Quits” Says about the Job Market, Inflation, and How Labor Gained Pricing Power by Wolf Richter • Oct 12, 2021 • 120 Comments One more reason “transitory” and “temporary” have become a silly joke. Even the Fed is backing off promoting it.
People Not Looking for Work, Labor Force Drops. But Households Report Strong Gains in Jobs & Self-Employment by Wolf Richter • Oct 8, 2021 • 166 Comments Big drop in government jobs (education) blamed on seasonal adjustments gone awry.
Most Distorted Labor Market Ever: Charts by Sector by Wolf Richter • Sep 8, 2021 • 198 Comments Job openings spiked to record 11.7 million, while 12.1 million people still claimed unemployment benefits.
In States that Ended the Extra $300/Week Unemployment Benefits, People Returned to Work at Over Twice the Rate than in the Other States: Data from the Labor Department by Wolf Richter • Sep 2, 2021 • 225 Comments Data about the “Labor Shortage” pile up.
End of the Era of Voracious Corporate Appetite for Office Space by Wolf Richter • Aug 24, 2021 • 128 Comments Formerly temporary, now persistent work-from-home turns into slow-motion nightmare for office landlords.
The Extra $300/Week Unemployment Benefits Encouraged Many to Not Work: Details about the “Labor Shortage” Pile Up by Wolf Richter • Aug 19, 2021 • 320 Comments Business owners and hiring managers knew this in their gut for months.
