A Year Of 216k-A-Month Jobs
In December, employers continued their trend of robust hiring, concluding a year marked by consistent and solid job market performance, a standout feature in an economy that is slowly cooling.
In December, employers continued their trend of robust hiring, concluding a year marked by consistent and solid job market performance, a standout feature in an economy that is slowly cooling.
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The Job Market Is Cooling
The U.S. employment market showed signs of slowing down in February, with a slight decline in job availability, as indicated by the latest employment trends index.
Slowing Hiring
The period of intense hiring and record-low unemployment, which allowed millions of workers to find new opportunities, increase their wages, and reshape their careers, is giving way to a more typical market.
U.S. Wages Growth Could Feed Inflation Further
In November, the U.S. economy created 263,000 new jobs, and the unemployment rate stayed at 3.7%, indicating ongoing resilience in the labor market.
Labour Market Heals
According to Labor Department figures released Tuesday, job postings totaled roughly 11 million in December all while the Great Resignation slowed.