Number of staffs in US continues to fall | MENAFN.COM

Monday, 26 September 2022 04:44 GMT

Number of staffs in US continues to fall


(MENAFN) The figure of staffs in the U.S. carried on decreasing as companies find it hard to look for staffs for their openings.

"The hope for many to achieve a soft landing is that you meet in the middle, with demand cooling off and labor supply picking up, and we reach a much healthier equilibrium between the two," Michael Pugliese, an economist at Wells Fargo, updated the Wall Street Journal on Sunday. "But if labor supply flatlines or keeps falling, you need to bring demand down even more in order to cool off wage growth."

In line with Labor Department information, the figure of staffs in the U.S. has went down 400,000 as of March, a troubling indicator following the figure of staffs prepandemic levels earlier in 2022.

The total labor force is now around 600,000 smaller than it was two years ago, right before widespread pandemic measures rushed the economy to a slump.

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