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OPINION This year, a Christmas card arrived from an old friend telling us she’s had a bit part on TV. Formerly a teacher, she enrolled in drama school in her.
The COVID-19 pandemic led to a substantial labor force transformation in the U.S., marked by 'The Great Reshuffle.' Over 50 million workers resigned in 2022, continuing the trend from 2021, but by August 2023, resignations tapered to 30.5 million. This reshuffling trend indicates a quest for better work-life balance, higher compensation, and a robust company culture. November's unemployment rate slightly dropped to 3.7%, with job gains surpassing expectations at 199,000, led by health care, government, and manufacturing sectors recovering from the United Auto Workers strike. The U.S. Chamber of Commerce is closely monitoring industry-specific trends, providing valuable insights for businesses and policymakers. Weekly jobless claims remained steady, with the insured unemployment rate at 1.3%. Notable state variations include New Jersey and California which have the highest insured unemployment rates. As the labor market adapts, businesses and policymakers are keenly obser