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Twenty years in the past, two economists responded to a slew of help-wanted adverts in Boston and Chicago newspapers utilizing a set of fictitious names to test for racial bias in the job market. “Job seekers nonetheless have some bargaining power but are less prepared to reveal that energy by leaving their jobs,” Bunker said. “With fewer new job opportunities and less of a pay bump for switching roles, more staff are staying put. However, layoff charges are still low, so employees have robust job security in comparability with pre-pandemic levels.”

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