Posted 12/8/2023, 9:57:00 PM
Jobs Market Rebounding to Pre-Pandemic Norms with Higher Participation, Steady Wage Gains
- Labor market heading back to pre-pandemic trends like 2019 - higher participation, wage gains, strong healthcare sector
- Healthcare sector major engine of job growth again after pandemic lull
- Labor force participation hit highest rate since pre-pandemic at 62.8% in November
- Wage growth remains positive but has slowed from 2021-2022 spike
- Jobs report signals soft landing - cooling job market without spikes in unemployment