January Jobs Report: U S Job Development Surges The New York Occasions

Twenty years ago, two economists responded to a slew of help-wanted advertisements in Boston and Chicago newspapers utilizing a set of fictitious names to test for racial bias in the job market. “Job seekers still have some bargaining energy however are much less willing to reveal that power by leaving their jobs,” Bunker mentioned. “With fewer new job alternatives and less of a pay bump for switching roles, extra employees are staying put. However, layoff rates are still low, so staff have strong job safety compared to pre-pandemic levels.”

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