Productivity Surged 4.9%
Workers are producing more. Their purchasing power isn't keeping pace.
Series
Single figures from the labor data, taken apart.
57 pieces
Workers are producing more. Their purchasing power isn't keeping pace.
Engagement hit record lows in 2024, and younger workers are checking out faster than anyone else.
The quits rate has been frozen at 2.0% for over a year. Workers aren't leaving because they have nowhere better to go.
Long-term unemployment is rising and it's changing who's available when you're hiring.
Work autonomy varies wildly by occupation and that gap drives retention differences you can fix without spending a dollar.
97% of U.S. metros saw zero job growth, talent is trapped, geographic concentration is accelerating, and the contrarian play is poaching while everyone else stays frozen.
Real wages flat despite nominal gains. Hours contracted. Workers earned less in December than November.
No junior hires in 2026 = no mid-level talent in 2029—you can't manufacture experience on demand.
Promotion patterns and a stark labor market shift are changing behavior better than RTO mandates could have dreamed of.