State of the Labor Market
Commentary, data, analysis and insight into the US and global economy.
Last year closed with another drop in the number of job openings. The smaller number of unemployed workers caused the ratio of unemployed-workers-to-job-vacancies to rise for the second straight month.
The US economy added 225,000 jobs last month, and the unemployment rate is at 3.6%, up slightly from 3.5% in December.
A reduction in average hours may not be a sign of impending doom for the labor market.
Uncle Sam has a new rival: the private tech sector.