The pandemic has created the tightest US labor market in at least 20 years.
Trying to hire? The January 2022 numbers released by the Bureau of Labor Statistics (BLS) are the stuff HR headaches are made of. Employers are being whipsawed between a near historically low unemployment rate (3.7% in December, 3.9% in January) and historically high numbers of unfilled job openings (now 10.6 million). Before you reach for the aspirin, read on.
In many important respects, the economic news is good. The economy is rebounding quickly from many of the effects of COVID. Unemployment has plummeted, from a high of