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Although challenges remain related to ongoing pandemic variants, vaccination rates and supply chain bottlenecks, overall sentiment reflects some progress toward normalizing. Labor market recovery has been interesting and unpredictable, as data show that workers are resigning from current employment to take their chances on launching new businesses. Apparently, a collective post-pandemic reflection on life, work and purpose has arrived in the U.S.

Enabled by record-breaking pandemic era U.S. Personal Income and Personal Savings, the workforce has seized an opportunity to make significant changes in their lives — from where they may choose to live and raise their families or what they do to make a living. Such mobility, flexibility and in-the-bank cash support has ramifications — both supportive and challenging as the U.S. economy digests these shifts. Looking forward and connected to this evolving labor landscape, there are three themes that are of special interest as we move into 2022.