The labor market has been resilient despite economic headwinds like higher interest rates.
"There's still strong, broad-based job growth and real wage growth has been restored," Pollak said.
The labor market is in a 'sweet spot'Employers added 303,000 jobs to payrolls in March, the U.S. Bureau of Labor Statistics reported Friday.
Job growth in the first three months of 2024 — 274,000, on average — beats the 2019 pre-pandemic average by more than 100,000.
"The labor market is settling into a sweet spot," said Nick Bunker, economic research director for North America at job site Indeed.
Persons:
Lindsey Nicholson, Julia Pollak, There's, Pollak, Nick Bunker
Organizations:
Getty, U.S . Bureau of Labor Statistics, North America
Locations:
Queens , New York, U.S