As job growth decelerates, it is not yet flashing red recession warnings, at least among hiring managers. That said, there are some yellow flashers that indicate an employment slowdown lies ahead.
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The labor market stomped on Omicron. Although the variant was expected to extract a toll on the January employment situation, the report was much stronger than expected.
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The December jobs report, as weird as it was, paints a picture of an economy that continues to create jobs and pay workers more.
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The government reported that 210,000 jobs were created in November, below expectations for 550,000.
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Just in time for Halloween, two reports spooked economists. Does this mean that the U.S. economy looks like zombies from The Walking Dead?
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While the labor market is improving, the facts beg the question: With millions out of work, is there a labor shortage?
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Investors cheered the likely outcome of a Biden presidency, a Republican-controlled Senate and a Democratic controller House, believing that gridlock would amount to a win for corporate America.
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As news emerged early Friday morning that the President and the First Lady tested positive for coronavirus, some investors may have wondered if this was the “October Surprise” they feared.
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Despite two strong months of job gains in May and June, the uptick in cases in the South and West prompted municipalities to tighten rules; caused consumers and businesses to slow down their efforts to return to pre-pandemic behavior; and slowed down job growth in July.
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