Covid caused huge shortages in the jobs market. It may be easing


Now Hiring signs are displayed in front of restaurants in Rehoboth Beach, Delaware, on March 19, 2022.

Stefani Reynolds | Afp | Getty Images

Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend to finally abate this year.

Central banks around the world have been tightening monetary policy aggressively for over a year in a bid to rein in sky-high inflation, but labor markets have by and large remained stubbornly tight.

related investing news

If the Fed doesn't cut rates, it will be 'tougher sledding' for the market this year, says Jeremy Siegel


Last week’s U.S. jobs report showed that this remained the case in April, despite recent turmoil in the banking sector and a slowing economy. Nonfarm payrolls…


0 0 votes
Article Rating

Oil giant profit drops 19% in first quarter

Previous article

Nintendo full-year earnings 2023: Switch sales plunge 22%

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy