PEY - Layoffs Quits Hires Job Openings: Labor Shortages And The Power Shift From Employers To Workers
- The persistence of the mind-boggling phenomenon of a labor shortage, and the accompanying shift in power from employers to workers was documented on Tuesday by the JOLTS data from the Bureau of Labor Statistics.
- The total number of workers who were laid off or discharged involuntarily in December by companies or government entities fell to 1.17 million (seasonally adjusted), a record low in the data going back to the year 2000.
- 6.26 million people were hired in December, up by 24% from December 2019.
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Layoffs, Quits, Hires, Job Openings: Labor Shortages And The Power Shift From Employers To Workers