Tag: labor market
What “unretirements” can tell us about the job market. These days, economists find themselves in a fog with respect to the labor market. First, there’s the fact that the monthly jobs report for September was released a month late and the October report was cancelled entirely. But, on top of that, the data that do…
U.S. industries have become increasingly concentrated in the 21st century, leaving fewer employers in local labor markets. This is not good for workers. The simplest example is a town with one company in the business of producing widgets. The company has little competition when hiring widget workers and can pay them lower wages. A new…
