Data Digest

The labor market of the past 30 months has been more varied than any other time in recent memory. Unemployment rates swung from record lows to record highs in weeks, and then quickly fell back. Some industries that were well prepared to adjust to the pandemic economy have thrived, while others have struggled with labor shortages and supply chain issues. In recent months, inflation concerns, along with the stubborn continuation of COVID-19, have continued to weigh on the minds of economists and employers.