3 ms·
https://www.washingtonpost.com/business/2021/12/29/job-market-2021/ https://www.washingtonpost.com/business/2021/12/29/job-marke... Demand for workers has reco
by mcguire 5y ago
https://www.washingtonpost.com/business/2021/12/29/job-market-2021/ https://www.washingtonpost.com/business/2021/12/29/job-marke...
Demand for workers has recovered, but the number of willing workers has not.
The 2020 recession had one of the fastest (the unemployment rate) and slowest (labor force participation) recoveries of any recession since World War II.
Government payments helped build and sustain savings, especially for lower-income people.
Personal consumption spending rebounds past pre-pandemic high.
Main reason for not working in the last seven days, among respondents under 75. (Retired is up, Other is up, the pandemic is way down.)
Over 1.5 million more people are retired than would have been expected before the pandemic.
Wage growth rises among low-income workers (5.1%).