First Big Drops in Astronomical Job Openings in Key Sectors, But Spikes to Record in Manufacturing & Construction by Wolf Richter • Jun 1, 2022 • 114 Comments Layoffs at record low, “quits” near record high with huge number of “hires,” amid massive churn as people go job-hopping.
Complexities of a Messed-Up Labor Market: Why a Crackdown on Inflation Might Bring People Back into the Labor Force by Wolf Richter • May 6, 2022 • 129 Comments Wages Surged, But Raging Inflation Crushed the Purchasing Power of those Wages.
A Recession Might Just Eat Some of the 11.5 Million Job Openings, Labor Shortages, Other Shortages, and Not Create Much Unemployment by Wolf Richter • May 3, 2022 • 200 Comments A soft landing, cushioned by excesses, for an economy that has gone nuts.
How the Massive Gains in Average Hourly Wages Look Ludicrous Compared to the Reality of Spiking Prices by Wolf Richter • Apr 1, 2022 • 175 Comments Rents, houses, used and new vehicles, gasoline, groceries, forget it, hahahaha
Labor Shortages Shift to Higher-Paying Industries, “Quits” Decline for Second Month but Still in the Astronomical Zone by Wolf Richter • Mar 9, 2022 • 90 Comments Is the collapse of the formerly high-flying stocks bringing day-traders back into the labor force?
Even Soaring Wages Got Crushed by Inflation in Hot Labor Market: Fed Gets More Rate-Hike Ammo (as if it Needed More) by Wolf Richter • Mar 4, 2022 • 105 Comments Production and nonsupervisory employees had biggest year-over-year wage gains since 1982, but they too were outrun by inflation.
Today’s Jobs Report Solves Some Headscratcher Mysteries by Wolf Richter • Feb 4, 2022 • 155 Comments The Pandemic wreaked havoc on seasonal patterns; and “seasonally adjusted” numbers misfired. We knew that since mid-2020. Today some of it was resolved.
Layoffs, Quits, Hires, Job Openings: The Phenomenon of Labor Shortages and the Power-Shift from Employers to Workers by Wolf Richter • Feb 1, 2022 • 198 Comments Even Powell is now citing this mind-boggling data to justify tightening.
A Factor in the Bizarre “Great Resignation” & “Labor Shortage” Phenomenon: The Huge Surge of Americans Starting Businesses by Wolf Richter • Jan 16, 2022 • 140 Comments Another testimony of the massive changes in society and the economy. But losing some of the enormous steam.
Wage Price Spiral Takes Off, Companies Point at it: Albertsons Shares -8%, JP Morgan’s Dimon Sees “Huge Pressure” on Labor Market by Wolf Richter • Jan 11, 2022 • 175 Comments The Fed finally sees it too.
