Here's one thing you might have missed in this morning's crowd-pleasing jobs report: Americans spent even less time in spells of unemployment.
and employers are hiring at a robust pace. That means laid-off workers have plentiful opportunity to find new gigs.: The median duration that workers spent unemployed dropped to 8.3 weeks last month. For context, before the pandemic hit in January 2020, the number was 9.6.Reports continue to trickle out about layoffs in hard-hit areas of the economy, including technology.
But the February jobs report is further confirmation that, in most other sectors, employers still have a lot of demand for staff.
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