Yardeni University

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In 10 Charts

Demand & Supply In The US Labor Market

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Figure 1

The number of unemployed people has been rising over the past year mostly because they are staying unemployed for a longer period of time.

Figure 2

The average and median durations of unemployment have increased slightly over the past year.

Figure 3

The number of unemployed workers has increased as the duration of unemployment has increased.

Figure 4

Both the duration of unemployment and the number of unemployed workers have increased because job openings have been normalizing back down to pre-pandemic levels.

Figure 5

Fewer companies are hiring.

Figure 6

Layoffs remain subdued.

Figure 7

The civilian labor force participation rate has been increasing since the pandemic.

Figure 8

The percent of foreign-born workers in the labor force has been increasing in recent years.

Figure 9

The teen unemployment rate has soared recently possibly as this age group is experiencing more competition from immigrants.

Figure 10

The demand for workers has been falling in recent months, while the supply of workers has increased.