An official website of the United States government
June 16, 2022
Real average hourly earnings for all employees on private nonfarm payrolls decreased 3.0 percent from May 2021 to May 2022. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 3.9-percent decrease in real average weekly earnings over this period. The Consumer Price Index for All Urban Consumers (CPI-U) rose 8.5 percent for the year ending May 2022. Full Text »
Job openings and quits reach record highs in 2021, layoffs and discharges fall to record lows
Rick Penn, Eric Nezamis
This Beyond the Numbers article will describe the unemployed people per job openings ratio and examine unemployment and job openings trends by looking at estimates at the national level from December 2000 to December 2021, and at the state and regional level from December 2017 to December 2021. National data allows users to see the relationship more clearly between labor supply and demand nationwide, while state and regional data allows for comparative analysis across state labor markets.
Read full article