The big picture

What economists expect from the August jobs report
What economists expect from the August jobs report

The Fed wants to know if the U.S. labor market has made “substantial further progress.”

Aug 30, 2021 - Economy & Business
New survey shows companies are open to moving to cheaper locales

Remote work — accelerated by the pandemic — has made it easier for companies to seek out less expensive regions

Jan 19, 2021 - Economy & Business
How the pandemic will reshape the job market

Some lost jobs will never come back.

Jun 23, 2020 - Economy & Business
Coronavirus could upend traditional workweeks

And working parents could hugely benefit.

Jun 16, 2020 - Economy & Business
What offices might look like as America returns to work

Say goodbye to snack jars and office gyms.

Jun 16, 2020 - Economy & Business
A reckoning for small business

Millions of businesses might not survive — and many of the tens of millions of jobs they support could evaporate.

May 23, 2020 - Economy & Business

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Jan 18, 2022 - Economy & Business

The hot and not-so-hot job growth centers

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Data: Indeed; Chart: Baidi Wang/Axios

Job openings have been roaring back across the country, but some metro areas are significantly hotter than others, per a new report from the jobs site Indeed.

Why it matters: Tracking growth in different cities gives us insight into how the pandemic is changing the geography of jobs.

NYC to require employers to specify salary ranges

Photo: Alexander Pohl/NurPhoto via Getty Images)

New York City became the latest jurisdiction to tackle wage inequality on Saturday, with employers required to include specific salary ranges beginning in April, CNN reports.

The big picture: States such as Colorado, Connecticut, Nevada, Rhode Island and more have all enacted legislation that requires employers to include specific salary ranges on job postings.

Jan 14, 2022 - Economy & Business

Crypto jobs surge as money pours into the industry

Illustration: Sarah Grillo/Axios

Cryptocurrency-related job postings in the U.S. surged 395% between 2020 and 2021, per a new LinkedIn report.

Why it matters: Job growth in crypto dramatically outpaced the wider tech industry, which saw a 98% jump in postings in the same period.

America's labor shortage is bigger than the pandemic

Data: BLS; Chart: Kavya Beheraj/Axios

The shortage of workers in the U.S. has become a flywheel of doom, messing up our lives and society writ large. And many of the underlying problems that led to this breakdown are bigger than the pandemic.

The big picture: Millions of immigrants, older workers and mothers are missing from the labor force. Those labor shortages create problems like supply chain woes, school closures, and skyrocketing child care costs — and some of those problems further exacerbate the worker shortages.

Biden names Sarah Bloom Raskin as Fed's top banking regulator

Sarah Bloom Raskin during a Fed meeting in 2013. Photo: Andrew Harrer/Bloomberg via Getty Images

President Biden will nominate Sarah Bloom Raskin as the Federal Reserve's top Wall Street cop, a Biden administration official said, one of three nominees being unveiled for the critical open seats on the central bank's board of governors.

Why it matters: It's Biden's biggest mark yet on the influential economic body that's center stage as the country grapples with inflation rising at the fastest pace in decades and a recovering labor market.

Unvaccinated workers more likely to miss work due to COVID

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Data: Analysis of Household Pulse Survey by Aaron Sojourner and Julia Raifman; Chart: Jared Whalen/Axios

Unvaccinated workers, particularly low-wage earners, were much more likely to miss a full week of work because they had COVID symptoms or were caring for someone with symptoms — even before Omicron, according to a new analysis of December Census data.

Why it matters: Worker absences are causing widespread societal dysfunction — school and day care closures, stores with unstocked shelves, etc.

Latinos turn to gig jobs

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Data: Pew Research Center; Chart: Baidi Wang/Axios

Latinos have turned in greater numbers than other groups to gig jobs, driving, delivering, or running errands and shopping for others, according to a Pew Research Center survey.

Why it matters: Workers in app-based jobs are at greater risk of exposure to COVID-19, while gig and delivery workers tend to get low pay and no benefits.

Jobs need workers

Source: BLS; Chart: Axios Visuals

America's job recovery hit another hiccup last month.

  • Good news: Nearly everybody who wants a job is getting one.
  • Bad news: The number of people who want a job isn't rising very fast.

Why it matters: A shortage of workers is holding back job creation and America's recovery from the pandemic.

A record 4.5 million workers quit their jobs in November

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Correction: This chart was changed to show leisure and hospitality was the industry with a 6.4% quit rate, not health care and social assistance. Data: BLS; Chart: Sara Wise/Axios

A record 4.5 million workers quit their jobs in November, according to government data released Tuesday morning.

Why it matters: The numbers, from the Labor Department’s Job Openings and Labor Turnover Survey, are the latest sign that the job market is red hot for workers, particularly for employees in lower-wage industries.

Updated Dec 19, 2021 - Economy & Business

Companies give up on return-to-work

Illustration: Sarah Grillo/Axios

In the 22 months since U.S. companies sent their workers home, they've collected droves of poll data, paid workplace consultants billions of dollars, and drafted plan after plan — but they still don't know much more about post-pandemic work than they did in March 2020.

Driving the news: The latest factor to foil every return-to-work plan is the arrival of the Omicron COVID variant.

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