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The job market's pain-free rebalancing

Posted on AllSides July 6th, 2023
From The Left

A remarkably robust U.S. labor market is coming into better balance.

Why it matters: That's the broad takeaway from not one or two, but three reports out Thursday morning that show what's happening beneath the surface of the economy.

Driving the news: The number of vacant job openings fell by 496,000 in May, the Labor Department said, suggesting a cooling of demand for workers. But the same report showed the number of workers voluntarily quitting their jobs rose by 250,000 — a sign that workers still feel empowered.

Meanwhile, the number...

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https://www.axios.com/2023/07/06/job-market-rebalancing

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