State of the Labor Market
Commentary, data, analysis and insight into the US and global economy.
2018 has been a banner year for the job market. A big question for 2019 is whether this long recovery will end during the year. The more important question is whether the end—whenever it comes—will be graceful or ugly.
Trade wars seem to be hurting the dairy industry, but tariffs haven’t yet made an impact on the overall labor market.
Demand for workers is strong and has reached levels where workers are feeling more empowered.
It is astonishing at this point in the recovery that we have had four months this year of job growth at or above 250,000. In addition, we finally saw wage growth pop above 3%.