Quits, large raises and extreme labor shortages: The U.S. jobs market in 2021

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“2021 was a shock, I believe, to all economists,” mentioned Daniel Zhao, a senior economist on the employment web site Glassdoor. “Originally of the 12 months, we had been involved about whether or not we might get a robust sufficient restoration to get anyplace near the labor market earlier than the pandemic. And in some methods, we’ve handed that.”

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