The U.S labor market is exceptionally tight leading to concerns that the Fed will need to do more to prevent a wage-price spiral. https://www.washingtonpost.com/business/2023/02/03/january-jobs-labor-market/
“As of December, there were about 11 million job openings, or just shy of two for every available worker.”
@AnirbanM How do you know that there are 5.5 million jobseekers?
Here's a non-paywall version of what is probably the same article, based on the title:
https://www.cnbc.com/2023/02/03/jobs-report-january-2023-.html
It says "However, Chairman Jerome Powell, in his post-meeting news conference, noted the labor market “remains extremely tight” and is still “out of balance.” As of December, there were about 11 million job openings, or just shy of two for every available worker."
@sagar @BE yes, thanks. The quote is from the cnbc article. I’ve seen estimates like this before but I’m not an economist and have no idea how these are calculated