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During times of high demand, as we are seeing right now in the US, the labor market tilts in favor of the ‘suppliers’ – or individual workers. Now let’s overlay the Bureau of Labor Statistics data on ‘Layoffs’ – the monthly rate at which organizations are dropping people from their payrolls. Learn More. (1)
A separate report from the Philadelphia Fed showed the average workweek at factories in the mid-Atlantic region contracted sharply in April and a measure of future manufacturing employment dropped to the lowest level since 2016. industrial base, have stoked fears of high inflation and stagnation in economic growth. in February.
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