American workers are quitting at the highest rate in decades

Something unusual is happening in the labor market: US workers are gaining influence over employers. The recovery from the pandemic has been strange, the result of a collision between public health policies, economic aid from governments and central banks, and social change inspired by the experience of the ongoing coronavirus. This has led to a labor market that appears too hot and too cold at the same time: the high number of long-term unemployed, for example, indicates a very loose labor market, while the number of companies that state that they are unable to fill positions indicates a narrow one.

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