Why Job Openings Are Surging, Even With So Many People Out of Work
Odd Lots29 Nov 2021

Why Job Openings Are Surging, Even With So Many People Out of Work

Normally, economists expect a somewhat stable relationship between job openings and the unemployment rate. More job openings = more people are employed. Lately, however, the shape of this relationship has changed. Job openings are absolutely soaring. And yet total employment in the economy is well below pre-pandemic levels. On this episode, we speak with Thomas Lubik, a senior advisor in the Research Department at the Richmond Fed, who has been researching and writing about this unusual state of the labor market.

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Episoder(1197)

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