Despite High-Profile Staff Cuts, the Job Market Remains ‘Burning Hot' for Workers

or freezes, while other companies like Netflix, Peloton and Carvana pointed to lackluster consumer demand and high inflation to justify fresh layoffs.

Recent tech layoffs are notable but don't capture the bigger picture of consumer demand recovering from pandemic lows, Pollak adds. Job-switchers generally see the highest wage growth, though Pollak says more people are getting raises in today's market, including job-stayers, public-sector workers and unionized workers renegotiating their contracts.measuring job-seekers' confidence, half of all employed job-seekers say if they resign, they're confident their current employer will make a counter offer with more money to get them to stay.

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U.S. labor market stays tight as workers remain scarce; manufacturing regains speedU.S. job openings fell in April, but remained at significantly high levels, suggesting that wages would continue to rise as companies scramble for workers, and contribute to inflation staying uncomfortably high for a while. Hey Reuters. How about a nice piece on what percentage of covid victims were in the workforce, and what % of covid survivors have too many residual effects to hold a job anymore? Wouldn’t that be relevant to any labor force information at this time?
Source: Reuters - 🏆 2. / 97 Read more »