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Measures of worker compensation and satisfaction were positive, and fewer workers say they are planning to jump ship this year.
That’s 3% fewer than a year ago. If it keeps dropping, it could be a sign the labor market is getting warmer.
It’s all about expectations. Mortgage rates fell in anticipation of the Fed cutting interest rates. But then came the strong September jobs report.
The increasingly dynamic nature of the American economy since the COVID-19 pandemic has wrought deep changes.
It has to do with building new data centers and retrofitting old office buildings.
It looks at the concentration of job growth. When it’s above 50, more industries added jobs than shed them that month.
Conditions in the labor market increasingly look like they did before the pandemic.
The Bureau of Labor Statistics’ monthly survey doesn’t track jobs added or subtracted due to AI – at least not yet.
The survey of employers was created to help answer puzzling questions about labor.
It’s possible that higher unemployment means more Black workers are coming back into the labor market.