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Hot jobs market is showing some cool spots, staffing agencies say

Jul 7, 2022
There are still almost two jobs open for every person looking for work, the Bureau of Labor Statistics reported this week.
In some industries, the job market is showing signs of cooling. In others, the market is still hot.
Joe Raedle/Getty Images

The pandemic changed how we work. Is it changing how we count jobs?

Jul 7, 2022
Payroll data company ADP says it will pause its monthly labor market report while it updates its metrics for the COVID era.
Payoll company ADP is putting its jobs report on pause for an update.
Justin Sullivan/Getty Images

Millions have joined the labor force in the past year

Jun 3, 2022
About 3.5 million more people were working or looking for work in May than a year earlier. Economists hope the number keeps rising.
Olivier Douliery/AFP via Getty Images

With workers scarce, some industries are turning to robots

Jun 2, 2022
The pandemic accelerated automation purchases, according to an industry group, especially in agriculture, construction and fast food.
A fully automated fast food restaurant in San Francisco in 2015. Industries like fast food and construction increasingly rely on automation.
Justin Sullivan/Getty Images

Fed Chair Jerome Powell: "Whether we can execute a soft landing or not, it may actually depend on factors that we don't control."

May 12, 2022
"I think the one thing we really cannot do is to fail to restore price stability," Powell told Kai Ryssdal.
Federal Reserve Chair Jerome Powell, left, speaks with Marketplace host Kai Ryssdal in Washington, D.C., on Thursday.
Nancy Farghalli/Marketplace

As labor shortage persists, fewer immigrants means fewer workers

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.
The decline in immigration may be contributing to the scarcity of workers relative to employers' needs. Immigrants are also well-represented among the ranks of entrepreneurs.
Oliver Douliery/AFP via Getty Images

We're about 3.5 million potential jobs short of a full recovery

May 9, 2022
We’ve now regained more jobs than we lost early in the pandemic in some sectors.
Now Hiring signs are displayed in front of restaurants in Rehoboth Beach, Delaware, on March 19, 2022. (Photo by Stefani Reynolds / AFP) (Photo by STEFANI REYNOLDS/AFP via Getty Images)

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As jobs rebound, those paying least are hardest to fill

May 6, 2022
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.
A company seeking aluminum workers posted an ad on a bus in Portland, Oregon. The private sector has been able to raise wages and hire people faster than the public sector.
Mitchell Hartman/Marketplace

As employers compete for scarce workers, some employees are winning big wage gains

May 6, 2022
On average, wages aren't rising as fast as inflation. But not all workers are getting average raises.
New data show that hourly wages are up by 5.6 percent on average as of March, but employees are demanding more from employers in a strong labor market.
Olivier Douliery/AFP via Getty Images

Is a wage-price spiral driving inflation?

May 4, 2022
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.
Rising prices can motivate workers to seek higher pay. Both are increasing quickly.
Joe Raedle/Getty Images