Alternative Data: Workforce Recovery and the Great Resignation

Neuberger Berman
By August 4, 2022 13:43

Alternative Data: Workforce Recovery and the Great Resignation

More displaced workers seem ready to come back into the labor force, but employers may need to watch their highly compensated “stayers.” 

One of the key economic side effects of the COVID-19 pandemic and lockdowns was the wholesale departure of a large segment of the workforce. Whether tied to excess stimulus payments, early retirement or struggles with childcare, the availability of workers remains a key stumbling block in seeking to ease wage pressures and inflation, and ultimately in maintaining economic growth.  

Given the importance of current labor trends, and their significance for investors, the Neuberger Berman Data Science team decided to take a closer look at both the ongoing workforce recovery and what has been called the “great resignation” of employees—in our view, two separate but closely related topics. We combined analysis of specific cohorts, granular “big data” and trendmonitoring to develop a set of leading indicators providing insights into wage inflation, competition for workforce talent, and other labor market-related investment themes and opportunities.

Neuberger Berman
By August 4, 2022 13:43

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