State of the Labor Market
Commentary, data, analysis and insight into the US and global economy.
Job seekers react to news of increased hiring plans.
Despite increased interest from job seekers in recent weeks, job postings advertising remote work remain relatively unchanged.
Prior to the coronavirus shock, the US labor market was quite strong. Demand for workers was slowing down, but still relatively robust.
Rates of long-term unemployment remain elevated as job seekers feel their backgrounds hold them back.
The US economy added 273,000 jobs last month, and the unemployment rate is at 3.5%, down from 3.6% in January.