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Labor market

Why the American workweek is shrinking

by Daniel Ackerman
Jan 15, 2025
Thanks to a cooling labor market, workers are clocking 45 minutes on the job less each week compared to 2021.
As the labor market cools, employees are logging less time worked each week.
Baona/Getty Images.
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5.5 million people in the U.S. are labeled “not in labor force, want job”

by Stephanie Hughes
Jan 10, 2025
That’s 3% fewer than a year ago. If it keeps dropping, it could be a sign the labor market is getting warmer.
While some people might choose to get back into the job market, others might choose to stop looking altogether and focus on school or taking care of a loved one, said economist Harry Holzer.
Nikolay Doychinov/AFP via Getty Images
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More people are working multiple jobs again. They have multiple reasons. 

by Samantha Fields
Jan 8, 2025
Some Americans work a second job to make ends meet. Others do it to build up cash or gain experience in a different field.
The number of Americans working multiple jobs is higher than it was before the COVID pandemic began.
pixelfit/Getty Images
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The U.S. saw a strong — but cooling — labor market in 2024. How's next year look?

by Mitchell Hartman
Dec 31, 2024
The Federal Reserve has wanted cooling inflation coupled with steady employment. It's gotten that.
"The increase of wages above the rate of inflation is the only thing that is really helping lower-income people right now,” said Robert Frick at Navy Federal Credit Union.
Spencer Platt/Getty Images
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Job churn has been at historic lows. AI could change that.

by Sabri Ben-Achour , Chris Farrell and Erika Soderstrom
Dec 27, 2024
Leaders need to develop a safety net that will help displaced workers find good jobs, says senior economics contributor Chris Farrell.
napong rattanaraktiya/Getty Images
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What if the job market had a Spotify Wrapped?

by Matt Levin
Dec 6, 2024
We asked economists which songs embodied the American labor market in 2024.
This week, Spotify dropped its annual Wrapped, which lists users' most-played songs and artists of the year.
Illustration by Jordan Mangi/Marketplace | Photos Dimitrios Kambouris, Timothy Norris, Scott Legato/Getty Images
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Job gains solid in evergreen industries this year, sluggish in cyclical

by Justin Ho
Dec 5, 2024
"Secular" sectors like health care and education, which are less economically sensitive, have been responsible for a lot of hiring.
The Department of Labor will report on the job market Friday, revealing which sectors created the most jobs in November.
J. David Ake/Getty Images
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Layoffs picked up in November as labor market cools down

by Justin Ho
Dec 5, 2024
While layoffs have been low over the last few months, the uptick signals that the labor market may be starting to lose momentum.
It'd likely take a prolonged economic slowdown to spark widespread layoffs, noted Nationwide's Kathy Bostjancic.
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As the labor market cools, keep an eye on this number in the jobs report

by Sean McHenry
Oct 3, 2024
It looks at the concentration of job growth. When it's above 50, more industries added jobs than shed them that month.
The monthly jobs report includes an analysis of which sectors added and lost jobs. The Federal Reserve is likely keeping an eye on it.
Joe Raedle/Getty Images
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August JOLTS signals cooler jobs market. That's not bad news

by Caleigh Wells
Oct 1, 2024
The market is coming down from a hiring boom that wasn’t exactly sustainable.
Fewer people are leaving their jobs, according to latest JOLTS data.
Justin Sullivan/Getty Images
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