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Labor market

What would you do to try and avoid a layoff?

by Mitchell Hartman
Jul 10, 2024
Even with a comparatively low unemployment rate, layoffs are rising. A new survey lays out some of the sacrifices workers are willing to make to avoid that fate.
Between 30% to 40% of workers would be willing to take a demotion or a pay cut, make a longer commute or be relocated to avoid layoffs.
Timothy A. Clary/AFP via Getty Images
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June's jobs report indicates something we haven't seen in a while: normalcy

by Mitchell Hartman
Jul 5, 2024
Conditions in the labor market increasingly look like they did before the pandemic.
Recent data shows a stable job market. To many, that's a relief after years of topsy-turvy pandemic-driven layoffs and labor shortages.
Frederic J. Brown/AFP via Getty Images
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Labor Department's June report showed a cooling job market

by Mitchell Hartman
Jul 5, 2024
We know the labor market is slowing, but by how much? And what does that mean for wage growth?
Economists are awaiting the release of the June jobs report, which will provide updates on the nation's labor market. Above, Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee.
Alex Wong/Getty Images
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Slowing job trends point to stabilizing labor market

by Sabri Ben-Achour
Jul 2, 2024
Recent "boring" data suggests a return to normal, cooler employment conditions after a "red hot" streak.
Job openings on Indeed. The labor market is in a healthy, more balanced phase, economists say, after a period of widespread worker shortages.
Alex Wong/Getty Images
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Bad news for the job market could be good news for inflation

by Elizabeth Trovall
Jun 13, 2024
Initial jobless claims hit a 10-month high last week. If that takes pressure off prices, the Federal Reserve might reduce interest rates.
Higher unemployment can contribute to the cooling of inflation, but it comes at the expense of people's livelihoods.
Chandan Khanna/AFP via Getty Images
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Economists used the business cycle to predict what's next. It doesn't work so well anymore.

by Justin Ho
Apr 23, 2024
Where's the recession? Changes like the pandemic crash and government funding programs have disrupted the expansion-contraction pattern.
Daenin Arnee via Getty Images
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Recent college grads see rise in unemployment

by Elizabeth Trovall
Apr 23, 2024
Unemployment jumped from 8.6% to 12.3% among 20-somethings with bachelor's degrees year over year, the BLS reported.
"This is the first sign of [the job market] not being as strong as I thought it was," said Patricia Anderson with Dartmouth.
Lawrence Sawyer/Getty Images
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How immigrant entrepreneurs help create jobs and boost the economy

by David Brancaccio , Chris Farrell and Alex Schroeder
Apr 15, 2024
Immigrants are much more likely to create a new business, studies show, and the knock-on effect is job creation.
"Immigrant entrepreneurs in the U.S. are associated with a net gain in jobs. Specifically, they're responsible for roughly one in four of all jobs in young firms," said Marketplace senior economics contributor Chris Farrell.
Anna Moneymaker/Getty Images
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Race and Economy

The consistent unemployment gap between Black and white workers

by David Brancaccio and Erika Soderstrom
Apr 12, 2024
Unpacking the persistent 2-to-1 unemployment gap between Black and white workers.
"That disparity between Black and white workers is something that remains really a defining feature, unfortunately, of the U.S labor market," said Valerie Wilson of the Economic Policy Institute’s Program on Race, Ethnicity and the Economy.
bymuratdeniz/Getty Images
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Black unemployment seems to be rising. But other indicators of Black employment are strong.

by Mitchell Hartman
Apr 8, 2024
It's possible that higher unemployment means more Black workers are coming back into the labor market.
The recent Black unemployment rate uptick is worth watching, said economist Elise Gould. But, she points out that it's still quite low by any historical measure.
Scott Olson/Getty Images
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