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Pandemic May Have Worsened Trends Towards Sluggish US Labour Supply

The US labour markets are even more constrained than the current 3.5 per cent unemployment rate indicates, according to new economic research that argues declines in the number of hours employees want to work were reinforced by the pandemic and are set to continue, , united states, labour force
New York United States Jackson Hole Alexander Bick Jason Faberman Vanderbilt University Adam Blandin

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U.S. labor market is even tighter based on alternative measures

From Bloomberg: The U.S. labor market is even hotter than the picture given by an unemployment rate nearing a 50-year low, according to research by some economists that warns of sustained inflationary pressures. Goldman Sachs Group Inc. economists led by Jan Hatzius found there's a shortage of 4.6 million workers, the most since the World War II period. That figure compares the total number of jobs — including the near-record for those still open — and the size of the labor force, or th...
New York United States Marc Giannoni Jan Hatzius Jason Faberman University Of Texas At Austin

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