“Why the job market has stayed so hot for so long”
May 6, 2024
“When you use a pressure cooker, it can take an annoyingly long time after your dish is done cooking for the pot to cool to the point where you can safely open the lid. And so it is with the U.S. job market.
Why it matters: The evidence that the labor market has moved past its overpressurized 2021-2022 levels continues to mount, but it is remarkable that it has remained this hot for this long.
- Indeed, the latest data out Wednesday morning reveal a job market that is decisively cooling, yet also better by many measures than it ever was in the years before the pandemic.
Driving the news: The Job Openings and Labor Turnover Survey shows the number of job openings fell by 325,000 in March, while the number of people hired fell by 281,000…”
https://www.axios.com/2024/05/01/us-job-market-openings-jolts-data
This article is basically saying its annoying you haven’t lost your job yet. They tell you how they feel in the very first sentence of the article. If some of you can’t tell, the powers that be want you broke and destitute.