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Labor Markets Briefs
2021
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Job openings at a record high, and labor shortages are back
May 11 | Gad Levanon, PhD, Former Vice President, Labor Markets, The Conference Board | Comments (0)Despite still-elevated unemployment rates, and 8.2 million persons waiting to be added to payrolls, labor shortages are back. As large segments of the economy continue to open at the same time, and labor supply is constrained, these shortages are likely to remain for the better part of 2021.
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Jobs Disappoint in April
May 07 | Gad Levanon, PhD, Former Vice President, Labor Markets, The Conference Board | Comments (0)The number of jobs in in-person services is still well below prepandemic levels, but the recovery is underway
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Despite Volatility, US Economic Recovery Reaccelerates in Q1 2021
April 29 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)US Real Gross Domestic Product grew by 6.4 percent (annualized) during the first quarter of 2021, slightly below the consensus forecast and above The Conference Board’s forecast of 5.0 percent.
2020
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The economy is struggling to keep up with the rise in coronavirus cases
July 27 | Agron Nicaj, Associate Economist, The Conference Board | Gad Levanon, PhD, Former Vice President, Labor Markets, The Conference Board | Comments (0)After weeks of growth following the phased opening of businesses, the US economy is showing signs of slowing down. Many states are experiencing an increase in the number of COVID-19 cases and some have recently reimplemented restrictions, that had been lifted in May-June.
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What types of jobs will experience a large permanent increase in remote working?
July 13 | Gad Levanon, PhD, Former Vice President, Labor Markets, The Conference Board | Agron Nicaj, Associate Economist, The Conference Board | Frank Steemers, Former Senior Economist, The Conference Board | Comments (0)There is a growing consensus that the share of remote workers will remain well above pre-pandemic rates. But in what types of jobs is this most likely to happen? We project a large increase in remote-working rates for clerical and administrative office jobs, a labor market segment which had relatively low remote-work rates in the pre-pandemic era.