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 • 197 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.
The State of the Small Business: Hiring Problems, Inventory Shortages, and Big Price Increases by Wolf Richter • Aug 10, 2021 • 99 Comments In the current era of Stimulus Good Times, with its huge kinks.
Amid Clamoring of “Labor Shortages” as 13 Million People Claim Unemployment Benefits, Job Openings Spike Sky-High. Sector by Sector by Wolf Richter • Aug 9, 2021 • 218 Comments And many people quit their job to take a better job with higher starting wage & signing bonus, offered by desperate employers.
Weird Phenomenon of “Labor Shortages” as Millions of People Still Aren’t Working: Employers Hired 2.5 Million in 3 Months by Wolf Richter • Aug 6, 2021 • 122 Comments The Fed is looking for jobs reports to justify tapering its asset purchases, and this was one. But the labor market is still messed up.
Yes, More People Went Back to Work in States that Ended the $300/Week in Federal Unemployment Benefits by Wolf Richter • Aug 5, 2021 • 108 Comments In an economy screaming for labor, the data is becoming clearer, despite breathless media coverage to the contrary.
