Colossal Churn in the Labor Market Ends: Voluntary Quits, Job Openings, Layoffs & Discharges, and Hires by Wolf Richter • Mar 6, 2024 • 90 Comments The headlines about massive layoff announcements had their intended psychological effect on workers.
Great to Have a Good Job Market with Surging Wages, but Rate-Cut Mania Takes a Hit. And We Fret about Inflation Reheating by Wolf Richter • Feb 2, 2024 • 163 Comments It’s not just the top 10% or whatever who got the wage increases.
Despite Alphabet’s Layoffs at Google, Headcount Increased for Second Quarter in a Row. But the Huge Hiring Binge Is Over by Wolf Richter • Feb 1, 2024 • 47 Comments As Powell said, the labor market is rebalancing; it’s still tight, but it’s not out of whack anymore.
Which Industries Lost Jobs, Which Gained Jobs, including Government Jobs: Longer-Term Employment Trends in Charts by Wolf Richter • Jan 7, 2024 • 70 Comments Some are hot, some are cold. And a special look at employment in oil & gas drilling and in mining.
A Jobs Report of an Economy Plugging Along Just Fine Despite 5.5% Rates & Recession Fears. But Wage Growth Heats Up by Wolf Richter • Jan 5, 2024 • 216 Comments Average hourly earnings fuel worries on the inflation front.
Job Openings by Industry: From Construction at New Highs to Information where Openings Vanished by Wolf Richter • Jan 3, 2024 • 51 Comments The vast differences between industries.
More Signs that Power in the Labor Market Has Shifted from Workers back to Employers by Wolf Richter • Jan 3, 2024 • 69 Comments People quit quitting, so fewer job openings to fill, fewer people to hire, less churn. Good for employers, not so good for workers. Layoffs & discharges dropped below Good-Times lows.
Which Industries Gained Jobs, Which Lost Jobs: Longer-Term Employment Trends in Charts by Wolf Richter • Dec 10, 2023 • 83 Comments New all-time highs: Construction, Wholesale trade, Arts & Entertainment, and State government.
The Question is Not “When” but “Why” the Fed Would Cut Rates with a Labor Market this Strong and Wage Growth Accelerating by Wolf Richter • Dec 8, 2023 • 276 Comments The amazing labor market that just keeps plugging along despite the high interest rates.
Wage Growth Not Cooperating with Rosy Scenario of a Normalizing Labor Market by Wolf Richter • Dec 8, 2023 • 63 Comments Wages of production and non-supervisory employees accelerate for third month to 5% annualized. Turns out, the big drop in August was a head fake.
