Today news
About the same in other media
Crosscurrents Hide a Rapidly Cooling Labor Market
Reading now: 738
By historical standards, the labor market remains remarkably strong. Payroll growth last month clocked in above 230,000, more than double what was once considered normal. The unemployment rate, at 3.5%, stayed near its lowest in more than 50 years.
Several crosscurrents are at work beneath the surface, and a closer look suggests the labor market is cooling quite rapidly. And yet it hasn’t cooled enough for the Federal Reserve to conclude inflation is going to fall back to its 2% target. So while labor demand hasn’t fallen to recessionary levels, it may still.
Read more on wsj.comAbout this in other media
Crosscurrents Hide a Rapidly Cooling Labor Market wsj.com /1 year ago
Crosscurrents Hide a Rapidly Cooling Labor Market wsj.com /1 year ago
Crosscurrents Hide a Rapidly Cooling Labor Market wsj.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
