State of the Labor Market
Commentary, data, analysis and insight into the US and global economy.
Uncle Sam has a new rival: the private tech sector.
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.