The job market is cooling but still strong. Is that a good thing

Jul 7, 2023 · The country's job market is finally showing signs of cooling – but it may still be a tad too strong. That may sound strange. In a traditional economy, a strong labor market would …

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How Will The U.S. Labor Market Look In 2025? - Marketplace

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Dec 31, 2024 · Unemployment is still low but is 0.5% higher than a year ago. Zandi points out that that’s exactly what the Fed wanted: to cool inflation while keeping employment steady . Now, …

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Bad News For Young Americans Struggling To Find Work

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2 days ago · I’ve applied for a job at Best Buy, at every grocery store.” “It feels really bad going from making $100,000 a year to probably having to work minimum wage,” she added.

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Is the job market still a tad too strong?

The country's job market is finally showing signs of cooling – but it may still be a tad too strong. That may sound strange. In a traditional economy, a strong labor market would usually be a good thing, but it's not so positive in an economy that continues to struggle with high inflation. ...

Is the job market cooling?

The job market is cooling but still surprisingly strong. Is that a good thing? A 'Now Hiring' sign is displayed outside a check cashing shop in Los Angeles on June 2, 2023. Employers added 209,000 jobs last month, slowing down from previous months but still marking respectable growth. ...

Is the labor market going to cool off?

The labor market was always bound to cool off eventually. Almost no one thought that furious hiring pace was sustainable long-term. Now, the cool-down is clearly underway. Hiring is slowing. Job openings are falling. Fewer people are jumping ship to other employers. But the job market is hardly nose-diving. ...

Is the labor market cooling?

But, on many other measures, we see a labor market that is gradually cooling. Perhaps the most important numbers in the report were the downward revisions to estimates of job growth in April and May. Payroll growth was revised down from 165,000 to 108,000 in April, and from 272,000 to 218,000 in May. ...

Is the labor market still a good place to get a job?

A gradual cooling of the labor market has made it tougher to find a new job, but overall conditions are still favorable for job seekers. "Things have gotten competitive," said Julia Pollak, chief economist at ZipRecruiter. "Don't get discouraged; there are opportunities out there," she added. "This is still a strong labor market." ...

Is a cooler labor market at hand?

The latest Job Openings and Labor Turnover Survey report, which was released Tuesday, also showed that hiring activity remained at a decade low, a further indication that a much cooler labor market is at hand. ...