Avery Vise presents labor statistics such as job openings & hires and the labor participation rate.
This Q&A response from the FTR Experts came from our May Economic Outlook. View the video and the key takeaways below.
Key Takeaways:
- There were 8.1 million job openings at the end of March, the highest on record since this data began being tracked and shared in 2001.
- The labor participation rate plummeted after the initial pandemic outbreak and has only recovered about halfway.