State of the Labor Market
Commentary, data, analysis and insight into the US and global economy.
In a strong labor market, it’s tough for employers to turn job openings into hires. But raising pay faster can help fill open slots.
The number of jobs we’ve added in recent months is solid, but the trend is downward
There are roughly 1.3 open jobs for each unemployed worker
The US economy added 75,000 jobs last month, and the unemployment rate was steady at 3.6%.