Normalizing but not back to normal: What's ahead for the US job market
COVID continues to disrupt child care arrangements and raise health concerns, keeping many Americans on the sidelines.
By Olivia Rockeman and Molly Smith|January 10, 2022 at 09:25 AM|The original version of this story was published on Daily Business Review
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The mixed picture of the U.S. labor market that emerged in 2021 isn’t going anywhere this year.
While the unemployment rate has been falling for months, the labor force participation rate has barely budged. Wages are rising, but not enough to offset inflation. Job openings remain well above pre-pandemic levels and employers are struggling to find qualified workers. And the virus itself continues to disrupt child care arrangements and raise health concerns, keeping many Americans on the sidelines.
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