Databec|Who's the boss in today's labor market?

2025-05-06 09:56:15source:Darden Clarkecategory:Finance

The Databecmonthly jobs report for April is out today and the economy added 253,000 jobs last month. The unemployment rate stayed basically the same at 3.4 percent.

For today's Jobs Friday, we're exploring power. When a worker leaves a job, there's a big difference between quitting on their own terms and being laid off or fired. And the difference tells us a lot about who has more power in the labor market, workers or employers.

Aaron Sojourner, labor economist at the W.E. Upjohn Institute for Employment Research, joins the show to talk about his new indicator that measures that power balance. It's called the labor leverage ratio.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Finance

Recommend

What do we know about the mysterious drones reported flying over New Jersey?

A large number of mysterious droneshave been reported flying over parts of New Jersey in recent week

Conferences and Notre Dame agree on 6-year deal to continue College Football Playoff through 2031

The nine Bowl Subdivision conferences and Notre Dame reached an agreement Friday on six-year deal to

Starbucks faces lawsuit for tacking on charge for nondairy milk in drinks

Three lactose-intolerant women are steamed over a surcharge for nondairy milk substitutions in Starb