Disappointing Jobs Report ‘Doesn’t Mean There’s Overall Weakness in the Labor Market’

Jordan Shapiro puts the latest jobs report in context. “The Covid recovery is starting to slow…and there’s also a lot of positives to take away. Layoffs have been low,” he notes, and unemployment rates have stayed down. “It doesn’t mean there’s overall weakness in the labor market,” Jordan argues, it just means less jobs are being created. His biggest concern is the “inflection point” of wages that bring unemployed people into the jobs market.

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