Top Tweets for #GreatReallocation
APSI virtual from St. Louis Fed learning about labor markets during Great Recession v Covid Recession. Great comparative analysis between countries. #greatreallocation
@eleanor_mueller A sign of your excellent judgement.
#GreatReallocation #GreatUpgrade #GreatJobUpgrade seem better.
https://t.co/ugAvbXHldK
Look at the trend over the last year in the share of Americans employed.
Anyone writing or publishing news about the #GreatResignation is misleading people.
Couldn't agree more! My unified explanation of #GreatResignation / #GreatReallocation: quitting to nothing is only slightly better than quitting to do something totally different
It's a #GreatReallocation, not a #GreatResignation. Quits are only part of the story. Hires have been strong.
The share of adults employed has been growing very quickly! That fact alone should kill the Great Resignation narrative.
https://t.co/hVkKxn2Lfx
It's a #GreatReallocation, not a #GreatResignation. Quits are only part of the story. Hires have been strong.
The share of adults employed has been growing very quickly! That fact alone should kill the Great Resignation narrative.
https://t.co/hVkKxn2Lfx
Interesting bit in today's #JOLTS is how much churn there is (measured as hires+separations). Every industry is above Feb 2020, but surprisingly education/health, mfg and government have been consistently *way* above. Of course, so is leisure/hospitality
https://t.co/IqBReYj6Md
@CarlsonNews Associate Professor @aaronsojourner shares his takeaways on what he's calling the #GreatReallocation
Check out this thread ⬇️
We are at a 20 year low of hiring yield = hires/opening. HR folks, you are not imagining it.
Both an unusually synchronized surge in hiring efforts across organizations as well as a low unemployment rate are driving this.
I am often asked: what can employers do?
We are experiencing a #GreatReallocation, not a #GreatResignation.
Employment rates & number of jobs have risen dramatically since spring. They're not falling.
Most quits are to better jobs, driven by change in employer productivity rankings & circumstances of workers' lives.
The #GreatReallocation as:
1) ranking of firm productivity changes, &
2) remote options enable more productive matches as local labor markets integrate for some roles. Less need to match on locale means greater ability to match on other dimensions.
https://t.co/zcS8X5GEjX
More employment concentrated at tech savvy retail behemoths. Notable major pharmacy announced plans to close 300 stores and digitize this week.
Pandemic accelerated the trend of employment being concentrated in those large firms. Makes it harder for small & midsize to compete.
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