#laborleverageratio — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #laborleverageratio, aggregated by home.social.
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A new measure of economic health -- from @aaronsojourner @UpjohnInstitute --
The #LaborLeverageRatio -- measures bargaining power of workers v bosses.
NPR's Planet Money convo w Aaron:
https://www.npr.org/2023/05/05/1174384859/whos-the-boss-in-todays-labor-market
Blog post about...
The Labor Leverage Ratio: A New Measure That Signals a Worker-Driven Recovery :Image source: https://www.flickr.com/photos/cogdog/38504981284
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Dreams really can come true!
#LaborLeverageRatio named
The Indicator this month.Some have called this economics biggest honor. I feel that today.
https://www.npr.org/2023/05/05/1174384859/whos-the-boss-in-todays-labor-market
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The decline in the #LaborLeverageRatio = quits/(layoffs + discharges) accelerated in Jan driven by falling quits & rising layoffs.
Down to 2.3 quits per layoff, off a high of 3.3 and getting close to pre-pandemic 1.9.
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= jobs destroyed by employee per job destroyed by employer
= quits / (discharges+layoffs)
ticked up in November, flat over recent months a bit below record level.