The U.S. Job Market Is Slowing — Should We Be Worried?
Allwork
MAY 21, 2024
Recent BLS data points to a cooling U.S. labor market with job vacancies declining, slower job gains, and a slight increase in unemployment, reflecting economic uncertainty. Slowing job growth may curb inflation but can reduce disposable incomes, purchasing power, and overall economic output, potentially signaling underlying structural issues like skills mismatches or economic vulnerabilities.
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