WebThe labor market is strong for below market rate pay. The MSM says "nobody wants to work" but they leave out the part that those jobs with worker shortages are paying peanuts. Jobs with competitive pay are as competitive and picky as ever, as they should be since alot of people apply to them as well. hogujak • 1 yr. ago. According to the macroeconomic theory, the fact that wage growth lags productivity growth indicates that the supply of labor has outpaced demand. When that happens, there is downward pressure on wages, as workers compete for a scarce number of jobs and employers have their pick of the labor force. Conversely, … See more The labor market, also known as the job market, refers to the supply of and demand for labor, in which employees provide the supply and employers provide the demand. It is a … See more At the macroeconomic level, supply and demand are influenced by domestic and international market dynamics, as well as factors such as immigration, the age of the population, and education levels. Relevant measures … See more The microeconomic theory analyzes labor supply and demand at the level of the individual firm and worker.6Supply—or the hours an employee is … See more The macroeconomicview of the labor market can be difficult to capture, but a few data points can give investors, economists, and policymakers an idea of its health. The first is … See more
How strong is the labor market? Surge in layoffs raises ... - Yahoo
WebApr 7, 2024 · Other federal data indicate a strong labor market for workers, too. Job openings and the number of people who leave their job voluntarily each remain near record-high levels set at the end of... WebEconomists talk about the world of work as the ‘labor market’, or the supply of and demand for work by people in the economy. As soon as we start working, we ‘enter the labor … shyam metallic
Why workers have the ‘upper hand’ in the job market right now
WebThe US encountered a tight labor market amidst strong demand for workforce even after tough fiscal situations and surged interest rates. Moreover, the weekly reported jobless claims decreased 8000 to 210,000 while the continuous claims soar 31,000 to 1.346 million . WebMay 9, 2024 · According to the latest analysis from the New York Fed, the unemployment rate for recent grads in December 2024 was 3.7% — just a hair below 3.8% for the overall … WebOct 4, 2024 · The labor participation rate for those 65 and older is 19.1%, compared with 82.8% for those in prime working ages, 25 years to 54 years. My analysis indicates that … the path to sunshine cove