Labor Secretary Marty Walsh says he has a remedy for the ‘Great Resignation’ that is upending the U.S. economy: Create better jobs.
Author: Paul Davidson, USA TODAY
Worker shortage should ease in 2022 as COVID wanes. But many people have permanently stopped working, depressing labor force participation
Many Americans are likely to return to the labor force this year as the pandemic eases but others have left for the long term.
Inflation reaches highest level since 1982 as consumer prices jump 7% in 2021
Consumer prices rose 7% in 2021, a new 39-year high, as supply chain bottlenecks led tp product shortages and higher costs.
Couriers top industries bouncing back most from pandemic job losses, travel agencies rank last
The 5 best and worst industries at returning to pre-COVID employment levels. Couriers lead, travel agencies trail.
‘Hiring is being held back’: Economy added just 199K jobs in December as worker shortages persisted and omicron began spreading in U.S.
The economy added 199,000 jobs in December as the COVID-19 omicron variant broke out. The unemployment rate fell to 3.9%.
Great Resignation: The number of people quitting jobs hit an all-time high in November as openings stayed near record
The number of people who quit their job hit a record of 4.5M in November as the Great Resignation rolled on. Job openings stayed high at 10.6M.
Stock market will be open New Year’s Eve while bond markets close early Friday
Is the stock market open New Year’s Eve? Yes, the Nasdaq and NYSE are open while bond markets close early Friday as stocks have vaulted to new highs.
Economy, job growth set to slow but remain strong in 2022 as Great Resignation rolls on
Economy, job growth are set to slow but remain strong in 2022 as worker shortages persist and inflation, supply bottlenecks abate along with COVID-19.
Omicron could force many workers who test positive to quarantine under federal mandate, intensifying labor shortages
The contagious omicron variant may force many restaurant, store, hotel and other workers to quarantine if they test positive under a federal mandate.
Is the stock market closed on Christmas Eve?
The stock market will be closed on Friday, Christmas Eve, in observance of Christmas, which falls on Saturday this year.