Reported 4 months ago
The US job market reached a significant milestone in April as the Beveridge Curve, which plots the relationship between job openings and the unemployment rate, returned to pre-pandemic levels. This shift indicates a potential for inflation to fall without a significant rise in unemployment. Other indicators, such as the job openings to unemployed ratio and the quits rate, also show a return to pre-pandemic patterns, suggesting a labor market resembling the one before the COVID-19 outbreak. The upcoming US government's monthly jobs report for May will provide further insights into the labor market's normalization.
Source: YAHOO