Relevant and even prescient commentary on news, politics and the economy.

The market still out of equilibrium, no additional hiring from early termination of benefits

July JOLTS report shows market still out of equilibrium, no additional hiring from early termination of benefits This morning’s JOLTS report for July is particularly important, because July was the first full month after a number of GOP-controlled States terminated enhanced unemployment benefits, on the theory that they were excessive and were coddling idle workers. […]

During the wintertime pandemic surge, hiring hit a brick wall

January JOLTS report: during the wintertime pandemic surge, hiring hit a brick wall Yesterday morning’s JOLTS report for January was confirmatory of the weak jobs report for that month, showing a largely paused recovery. Further, for the second month in a row, hires were down sharply. Let’s examine this in accord with the data from […]

Some Examples of the Hiring Process

A just-released paper by the Behavioral Economics Team of the Australian Government (BETA) looks at hiring processes in the Australian Public Service Commission. Here’s the summary: This study assessed whether women and minorities are discriminated against in the early stages of the recruitment process for senior positions in the APS, while also testing the impact […]