Job market power is swinging back to employers

Data: Indeed; Chart: Axios Visuals

There are increasing signs that workers' power — a consequence of the hot COVID-era economy — is leveling off or even eroding in some sectors.

Why it matters: The super-tight labor market has been great for working people but a little too spicy for the Fed's taste — chair Jerome Powell has cited it as a factor driving inflation. Now there are signs his rate hikes are having the intended cooling-off effect.