The U.S. labor market: trends and challenges

Мұқаба

Дәйексөз келтіру

Толық мәтін

Ашық рұқсат Ашық рұқсат
Рұқсат жабық Рұқсат берілді
Рұқсат жабық Тек жазылушылар үшін

Аннотация

The U.S. labor market quickly overcame the effects of the pandemic and 2020 recession. The unemployment rate has returned to its low pre-crisis levels, and the number of vacancies is almost twice the number of the unemployed. The key feature of the U.S. labor market is labor shortage in almost all industries and among all categories of workers. The shock of the pandemic recession accelerated some imminent processes, which led to long-term structural changes. This includes a decrease in labor force participation rate, mainly as a result of large-scale excess retirements, and an increase in telework. The favorable situation in the labor market enables the Fed to conduct tight monetary policy.

Авторлар туралы

Oksana Bogaevskaya

Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences

Email: bogaevsk@imemo.ru
Moscow, Russian Federation

Әдебиет тізімі

  1. Ferguson, S. Understanding America's Labor Shortage: The Most Impacted Industries. U.S. Chamber of Commerce. March 23, 2023. Available at: https://www.uschamber.com/workforce/understanding-americas-labor-shortage-the-most-impacted-industries (accessed 17.04.2023).
  2. Survey: HR Leaders Are Confident About Hiring and Retaining Workers, Despite Recession Worries. The Conference Board Press Release. 2023-04-04. Available at: https://www.conference-board.org/press/leaders-confident-about-hiring-retaining-workers (accessed 17.04.2023).
  3. Telework, Hiring, and Vacancies - 2022. Data from the Business Response Survey. U.S. Bureau of Labor Statistics News Release. March 22, 2023, USDL-23-0539. Available at: https://www.bls.gov/news.release/pdf/brs1.pdf (accessed 17.04.2023).
  4. Ferguson, S., Lucy, I. America Works Data Center. Capturing the current state of the U.S. workforce. U.S. Chamber of Commerce. April 7, 2023. Available at: https://www.uschamber.com/workforce/america-works-data-center (accessed 17.04.2023).
  5. Faria e Castro M. The COVID Retirement Boom. Federal Reserve Bank of St. Louis. 2021, No. 25. 2021-10-15. https://doi.org/10.20955/es.2021.25 Available at: https://research.stlouisfed.org/publications/economic-synopses/2021/10/15/the-covid-retirement-boom (accessed 17.04.2023).
  6. Montes, J., Smith, C., Dajon, J. (2022). "The Great Retirement Boom": The Pandemic-Era Surge in Retirements and Implications for Future Labor Force Participation. Finance and Economics Discussion Series 2022-081. Washington: Board of Governors of the Federal Reserve System. https://doi.org/10.17016/FEDS.2022.081 (accessed 17.04.2023).
  7. Business Formation Statistics, March 2023. April 17, 2023. Release Number: CB23-58. U.S. Census Bureau. Available at: https://www.census.gov/econ/bfs/pdf/bfs_current.pdf (accessed 17.04.2023).
  8. The Employment Situation - September 2022. Bureau of Labor Statistics. Friday, October 7, 2022. Release number USDL-22-1967.

© Russian Academy of Sciences, 2023

Осы сайт cookie-файлдарды пайдаланады

Біздің сайтты пайдалануды жалғастыра отырып, сіз сайттың дұрыс жұмыс істеуін қамтамасыз ететін cookie файлдарын өңдеуге келісім бересіз.< / br>< / br>cookie файлдары туралы< / a>