Between mid-2021 and late 2022, the probability of re-employment for individuals unemployed less than five weeks peaked for the previous decade in both the United States and the Tenth District. Beginning in late 2022, the probability of re-employment declined precipitously.

Notes: Values correspond to the fraction of workers unemployed less than five weeks who obtained a job in a given month. The Tenth Federal Reserve District includes Colorado, Kansas, Missouri, Nebraska, New Mexico, Oklahoma, and Wyoming. Tenth District data are not seasonally adjusted.

Sources: U.S. Census Bureau, U.S. Bureau of Labor Statistics (Haver Analytics), and authors’ calculations.

The probability of re-employment for workers unemployed less than five weeks has declined over the past few months, an early signal of the tight labor market loosening. Abundant job openings and strong labor demand in early 2022 made re-employment much easier for job seekers. However, since late 2022, workers who lost their jobs are facing more difficulty finding new employment opportunities in the Tenth Federal Reserve District and across the United States.

See more research from Charting the Economy.


Nicholas Sly

Vice President, Economist, and Denver Branch Executive

Nicholas Sly is Vice President and Denver Branch Executive at the Federal Reserve Bank of Kansas City. In this role, he serves as the Bank’s regional economist and its representa…

Bethany Greene

Research Associate II

Bethany Greene is a Research Associate in the Denver Branch. She contributes to the quarterly Tenth District Economic Databooks and the Rocky Mountain Economist.