It’s no secret that today’s workers maintain a tenuous relationship with their bosses. Since the pandemic began nearly three years ago, millions of workers have joined unions and made demands, walking off the job for better conditions.
But the strong labor market that gave workers the firm upper hand over their bosses seems to slowly be receding. Last month, amid widespread layoffs (mainly in the tech space), unemployment grew to 3.7% from 3.4% six months earlier. But even though it's not what it was earlier this year, it's still holding tight: In October, there were 10.3 million open jobs, nearly double the average of each October between 2000 and 2020 (4.6 million).
