Aaron Sojourner
1.82 American employees quit their jobs in Dec for each employee fired, per today's @[email protected] #JOLTS data. This #LaborLeverageRatio, which proxies for labor bargaining power in jobs, declined slightly from rising firings (=layoffs + discharges) & stable quits www.upjohn.org/labor-levera...
Feb 5 at 4:15pmWeb
Show threadAaron SojournerFeb 5
Ratio at pre-pandemic levels, been flat for over a year American employees experiencing record high job security for 5 years. In 2 decades pre-pandemic, the lowest share of employees fired in a month was 1.1%, happened 2% of months. Since Jan 2021, share has been at or below 1.1% in 97% of months
Show threadAaron SojournerFeb 5
The Upjohn comms team upgraded the Labor Leverage Ratio site a bit. Making it easier to interact with and get the info you want in the form you want. www.upjohn.org/labor-levera...