What Are The Signs in U.S. Jobs Data Saying?
The year started with a sour note as per economy is mentioned. However, there should be no scary thoughts to it as it also pointed the strength of the U.S. jobs market. People should still have optimistic viewpoints as long as the payrolls are racking up monthly gains of 200,000 or more which still brings a healthy economy.
This standing should not be taken on a steady behavior since there are signs that the labor market might lose its momentum. The temporary relief of employment which peaked prior to the last two recessions is also showing some symptoms of sinking in. As monitored by Janet Yellen, who constructed the broad labor-market index, it is showing that it has fallen for three straight months for the first time since 2009.
According to Bob Funk, the CEO of Express Employments Professionals, “I am a little concerned.” This provides non-permanent workers to companies. “Our industry is always on the front end of a recession,” as he added. The provisional workers are the first to be let go in case the situation gets worst in terms of economic weakness.