Twenty years in the past, two economists responded to a slew of help-wanted adverts in Boston and Chicago newspapers utilizing a set of fictitious names to check for racial bias within the job market. “Job seekers nonetheless have some bargaining energy but are less keen to show that energy by leaving their jobs,” Bunker said. “With fewer new job alternatives and fewer of a pay bump for switching roles, more employees are staying put. However, layoff charges are still low, so staff have robust job security compared to pre-pandemic levels.”
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