Take This Job and Shove It: Quits Top Four Million Even as Openings Dip
Employers are still looking for nearly ten million workers.
Employers are still looking for nearly ten million workers.
The Fed’s hikes have not done much to loosen labor market conditions.
Jerome Powell’s dream of taming inflation by bringing down job vacancies has turned into a nightmare of an overheating labor market.
Retail and construction openings crashed in June as the Fed raised interest rates at the fastest pace in decades.
While other parts of the economy seem to be teetering on the brink of recession, the labor market remains strong.
Don’t believe the hype about a Great Resignation. Something deeper is happening.