President Joe Biden speaking about the January jobs report. Saul Loeb/AFP/Getty Images Good news for Main Street, not so good news for Wall Street. Once again, a booming labor market is likely to translate to losses in bonds and stocks as the Fed and other major central banks remove the extraordinary stimulus enacted in response […]
Read MoreMost people want to find a job that keeps up with inflation, provides some level of flexibility, but they also want to be happy. After all, most Americans spend at least eight hours a day working — and often without paid time off. It’s the $125,000 question in an increasingly unpredictable labor market: How can […]
Read MoreIllustration by Laurent Duvoux Jobs are plentiful; workers are in short supply. And their scarcity is having far-reaching effects on the labor market. Every student of economics learns the diamond-water paradox—that although water has more intrinsic value for our survival, diamonds command a higher price because of their relative scarcity. Less than two years after […]
Read MoreFedEx (FDX) is getting inundated with job applications in what continues to be a hot U.S. labor market characterized by increased job switchers. “Just the last week, we had 111,000 applications for FedEx. That’s the highest in our history,” said FedEx COO Raj Subramanian on an earnings call Thursday evening. “To put that in context […]
Read MoreRecord numbers of Americans have quit their jobs in recent months, with more than 4.4 million submitting their resignation in September alone. Millions more may be preparing to follow them to the exits – one survey found that around a third of workers wanted to make a career change. But one of the things I learned over the […]
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