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.
Job openings in 2019 continued to trend down, which is another sign that employers are pulling back demand across a variety of industries.
The US economy added 145,000 jobs last month, and the unemployment rate is at 3.5%, unchanged from 3.5% in November.
Despite the low unemployment rate, the labor market is primed to rapidly add jobs as workers get jobs from outside the labor force.
Heading into 2020, labor demand is still slowing down but the strong labor market persists.
The US economy added 266,000 jobs last month, and the unemployment rate is at 3.5%, slightly down from 3.6% in October.
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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