Three years after the pandemic upended the American economy, U.S. household balance sheets in general are in good shape. Assets far outstrip liabilities, with household net assets surging over the past decade to nearly $150 trillion last year. Underneath this strength, though, there is a ... READ MORE >
Great Resignation
Immigration is key to solving Canada’s labour shortage
There is no denying it: Canada is experiencing a historic labour shortage. The job market has been running hot for months, with the unemployment rate falling to 4.9%, the lowest on record. The pandemic and subsequent reopening have been the catalyst. At the onset of the pandemic, workers were laid ... READ MORE >
The worst of the Great Resignation might be over, but not for small businesses
The record-high turnover in the job market, known as the Great Resignation, is showing signs of easing, but that may not be the case for small businesses. If anything, the struggle has only been amplified for firms with fewer than 50 employees. While the overall rate of workers quitting their jobs fell ... READ MORE >
Chart of the day: Initial jobless claims lowest in 54 years
New filings for jobless benefits fell to 166,000 last week—the fewest since 1968—as millions of job vacancies remained unfilled, the Labor Department reported on Thursday. That marked the tenth week in a row that the headline number for U.S. initial jobless claims stayed below the pre-pandemic average ... READ MORE >