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.
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…