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Twenty years in the past, two economists responded to a slew of help-wanted advertisements in Boston and Chicago newspapers utilizing a set of fictitious names to check for racial bias in the job market. “Job seekers still have some bargaining power but are less keen to reveal that power by leaving their jobs,” Bunker stated. “With fewer new job opportunities and fewer of a pay bump for switching roles, more employees are staying put. However, layoff rates are nonetheless low, so staff have sturdy job security compared to pre-pandemic ranges.”