But you're going to struggle if you're looking for a new one.
"Even a few months ago, the labor market seemed fine, the trajectory looked stable," said Guy Berger, director of economic research at the Burning Glass Institute, a think tank.
The Fed therefore believes it can put a floor underneath the labor market that prevents it from deteriorating further, Berger said.
"What we need to see is strong private-sector labor market growth, and outside of health care, what we've seen instead is a very, very rapid deceleration that has shown no signs yet of stabilizing," Pollak said.
Pollak also said leisure and hospitality jobs — a key entry point into the labor market — have actually declined outright in recent months, putting further pressure on workers to secure employment.
Persons:
Guy Berger, Berger, Jerome Powell, Bill Dudley, Julia Pollak, Pollak, we've
Organizations:
of Labor Statistics, Glass, Federal, Fed, New York Federal, Bloomberg
Locations:
U.S, haves