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There are still almost two jobs open for every person looking for work, the Bureau of Labor Statistics reported this week.
Payroll data company ADP says it will pause its monthly labor market report while it updates its metrics for the COVID era.
About 3.5 million more people were working or looking for work in May than a year earlier. Economists hope the number keeps rising.
The pandemic accelerated automation purchases, according to an industry group, especially in agriculture, construction and fast food.
“I think the one thing we really cannot do is to fail to restore price stability,” Powell told Kai Ryssdal.
The U.S. had 2 million fewer working-age immigrants at the end of 2021 than it would have had if pre-pandemic trends continued.
We’ve now regained more jobs than we lost early in the pandemic in some sectors.
Health care, child care and K-12 education, which offer jobs with lower pay that need to be done in person, have yet to fully recover.
On average, wages aren’t rising as fast as inflation. But not all workers are getting average raises.
Wages are rising fast, but not as fast as prices. When inflation expectations drive workers’ demands for higher pay, inflation can spiral out of control.
