Chart Tracker

Labor Market Stabilizes, Echoing Pre-Pandemic Norms

By Athena Xu

4/4, 01:26 EDT
chart
  • The labor market tightness tracker (red line) has returned to 2019 levels, indicating a normalization of the labor market after the unusual conditions of 2021-2022.
  • Multiple indicators, including the JOLTS quit rate and the NFIB percentage of firms with positions not able to fill, show a convergence towards average levels, suggesting a more stable labor market environment.