CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal.
Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth.
The unemployment rate is expected to hold steady at 4.1%, according to FactSet consensus estimates.
“This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN.
The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.
Persons:
hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t
Organizations:
CNN, Federal, of Labor, Challenger, Economic Policy Institute, ”
Locations:
Oxford