The fourth quarter of 2020 and the first quarter of 2021 have shown improvement in the conditions of the labor market, as measured by a reduction in unemployment and an increase in real wages. These trends...
The unemployment rate has increased noticeably from 4.6 percent in October 2019 to 6.3 percent in October 2020 - the highest in the last eight years. The combination of job losses and lower wages led to...