America isn’t taking down all of its “help wanted” signs just yet — but they are slowly starting to disappear. , according to data released Tuesday by the Bureau of Labor Statistics. That’s lower than the downwardly revised 10.56 million reported for January, according to the latest Job Openings and Labor Turnover Survey. Economists were expecting 10.4 million available positions, according to Refinitiv.
While Fed officials have said repeatedly that they’re not seeing substantial evidence of a wage-price spiral — a cycle where higher wages push up prices due to increased demand for goods, which then pushes up the desire for higher wages — they’ve also expressed concern about the potential for labor market tightness to put upward pressure on inflation. “If that [wage-price spiral] were to begin, that’s very difficult to put back in the would-be bottle after the fact,” Hamrick said.
Because of an uncertain economy and slowing revenue growth, more businesses are laying off, and more small businesses are closing. As jobs are lost, more people are taking jobs they would otherwise have passed-up.
I am truly confused. Can someone explain to me how a low unemployment rate is being touted as a sign of a good economy yet we have 9.8 million open jobs. What am I missing?
FactsAndBeliefsOfJainism The present practice of Jainism is based on the 363 hypocritical beliefs run by Mahavir Jain. Which brings no happiness or speed...
Biden said he created 10 million jobs, but before covid there was only 6million unemployed? So where is the 4 million appeared from, the math don’t compute. 🤔
From bad to worse