Attention Economy


Thursday, February 9, 2023

What's Up with the US Labor Market?

Mass Layoffs or Hiring Boom? What’s Actually Happening in the Jobs Market
https://www.wsj.com/articles/jobs-hiring-boom-layoffs-employment-11675947399

Restaurants can’t find workers because they’ve found better jobs
https://www.washingtonpost.com/business/2023/02/03/worker-shortage-restaurants-hotels-economy/
An estimated 2.5 million people have died, retired or otherwise dropped out since 2020. Americans older than 55, in particular, stopped working at heightened rates during the pandemic because of covid-related health risks. Plus, rapid run-ups in home values and stock prices made it financially viable for scores of older Americans to retire. Those extra vacancies in the job market, researchers have found, created room for people in the service industry to move into new lines of work. 

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