US Labor Market in December
US Labor Market in December
By Ben Casselman @bencasselman
"Omicron hasn't cooled off the red-hot job market. Openings rose to 10.9 million in December, close to a record."
"How hard is it to hire right now? There were only about 60 unemployed workers for every 100 job openings in December, the fewest on record."
"4.3 million workers quit their jobs in December (many of them, most likely, to take better-paying jobs elsewhere). That's down slightly, but still close to a record."
"Employers laid off or fired fewer than 1.2 million workers. That's the fewest in the 20 years we've been keeping track. (Not that you can see that very clearly on this chart, given the insane distortion from early in the pandemic.)"
Omicron hasn't cooled off the red-hot job market. Openings *rose* to 10.9 million in December, close to a record. pic.twitter.com/soiRPQjuqV
— Ben Casselman (@bencasselman) February 1, 2022
