Big Raises in Store for American Workers in 2022

The video discusses the anticipated wage increase for Americans, with businesses expected to raise pay by an average of 3.9% in 2022, marking the fastest growth since 2008. Additionally, the Labor Department reports a significant drop in unemployment claims to the lowest level since 1969, indicating a strong recovery in the labor market following the coronavirus pandemic.

What does the drop in unemployment claims indicate about the labor market?

What event is mentioned as having impacted the labor market recovery?