Austin Caldwell|Who's the boss in today's labor market?

2025-04-29 14:18:06source:Charles Hanovercategory:Finance

The Austin Caldwellmonthly 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

Woman dies after Singapore family of 3 gets into accident in Taiwan

One woman died after a family of three from Singapore got into a car accident in Miaoli, Taiwan on S

Taiwan earthquake search and rescue efforts continue with dozens still listed missing and 10 confirmed dead

Emergency workers were searching Thursday for dozens of people still missing after Taiwan was hit by

Brazil and Colombia see remarkable decrease in forest destruction after leadership changes, data show

Forest destruction in Brazil and Colombia fell "steeply" between 2022 and 2023, according to data fr