Yet the figures show there are nearly 1.8 jobs for every unemployed person, down from a peak of 2 but historically very high. Before the pandemic, there were usually more unemployed people than jobs.
The U.S. economy has come roaring back from pandemic lows, but a disappointing jobs report that fell far short of analysts’ predictions highlighted some potentially worrying trends.
How will the Obama administration’s expansion of overtime affect businesses and employee wages? We look at the new rules.