Economic Outlook The U.S. labor market remained extremely tight throughout 2022. According to the Bureau of Labor Statistics, 4.5 million jobs were added in 2022 and unemployment was at 3.5% for December, which is a significant drop from when it historically peaked at...
COVID-19 Recession The coronavirus pandemic has caused significant hardship to the U.S. economy. From the very beginning of the crisis, the labor market was severely disrupted, sending the unemployment rate to record highs and causing millions of Americans to leave...
Wrapping up the end of a recession-free decade The U.S. labor market in 2019 can be described as historically record-breaking. It surpassed Economists’ predictions, reflected a surge of strength, and has been the greatest job market since the late 1990s....