Nick Bunker is an Economist at the Indeed Hiring Lab who focuses on the U.S. labor market. He was previously a Senior Policy Analyst at the Washington Center for Equitable Growth, an economics think tank. Prior to that, Nick was a Research Assistant at the Center for American Progress. He holds a B.S.F.S. in international economics from Georgetown University.
Employment growth has slowed in 2019 and may do so again in 2020.
The labor market remains strong but is clearly slowing down.
The US economy added 128,000 jobs last month, and the unemployment rate is at 3.6%, up from 3.5% in September.
Industries in mining, transportation, and construction are major contributors to this year’s slowdown in the labor market.
The Indeed Hiring Lab is an international team of economists who provide insights that help drive the global labor market conversation.
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