Geldcast update: how is the US labour market doing?


As the United States and Switzerland emerge from the Covid-19 pandemic, both nations’ labour markets appear in reasonably good shape. In the latest Geldcast podcast, economist Fabio Canetg takes a closer look at the most important US labour market indicators.

This content was published on February 28, 2022 - 12:51

Just two years after the outbreak of the Covid-19 pandemic, many worries about the state of the American labour market seem to have evaporated. Unemployment stands at around 4%, almost as low as before the pandemic. Other indicators also paint a generally positive picture of the US employment market right now. The number of job openings, for example, is significantly higher than the number of unemployed.

However, there are still question marks over so-called labour market participation – the share of Americans who are working or looking for a job. This figure currently stands at 62.2%, over one percentage point lower than in 2020. What are the reasons for this? And what is the general state of the US labour market? Find out more in the latest Geldcast update.

External Content

From stock exchanges and bitcoin to inflation and monetary policy – the Geldcast update podcast features the latest news and views from the world of international finance. Clear and entertaining for everyone who wants to stay up to date. The podcast is hosted by monetary economist and business journalist Fabio CanetgExternal link.

Subscribe to the Geldcast update in English on YouTubeExternal link. And you can find many more episodes in German on iTunesExternal linkSpotifyExternal link, or wherever you get your podcasts

The SWI Geldcast

Author Fabio Canetg completed his doctorate in monetary policy at the University of Bern and the Toulouse School of Economics. Today he is a lecturer at the University of Bern.

As a journalist, he works for SRF Arena, Republik Magazin and SWI He hosts the monetary policy podcast "Geldcast".

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