Skip to main content

Record quits, hiring slowdown may show Omicron's impact on U.S. labor supply

By Reuters  
   January 05, 2022

Record numbers of U.S. workers leaving their jobs and a slowdown in hiring at front-line businesses may show that the latest COVID-19 wave is denting labor supply, possibly pushing the Federal Reserve further toward concluding that employment is nearing its practical limits.

Hiring data tracked by small business payroll management firm Homebase showed employment edging down through December, coinciding with a record outbreak of coronavirus infections driven by the Omicron variant.

Full story

Tagged Under:


Get the latest on healthcare leadership in your inbox.