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The labor market is slowing, to pre-pandemic normal, ZipRecruiter Chief Economist Julia Pollak says
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The national unemployment rate fell to 3.7% while 199,000 jobs were added to the US labor market in the month of November.
ZipRecruiter Chief Economist Julia Pollak states these prints are keeping the Fed's slowing labor market narrative "intact."
Aggregate labor income has "grown 9.1% in the last month on an average annualized basis. That's very strong. Right before the pandemic, it was growing 4.6% year-over-year," Pollak tells Yahoo Finance, commenting on wage growth data.
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ZipRecruiter Chief Economist Julia Pollak states these prints are keeping the Fed's slowing labor market narrative "intact."
Aggregate labor income has "grown 9.1% in the last month on an average annualized basis. That's very strong. Right before the pandemic, it was growing 4.6% year-over-year," Pollak tells Yahoo Finance, commenting on wage growth data.
#youtube #stockmarket #yahoofinance
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Follow Yahoo Finance on social:
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