Labor Market Remains Strong Overall But Job Seekers and Employers Struggle to Find the Right Fit
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The job market is strong overall, with near record-low unemployment and steady job growth, giving workers more leverage.
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But the labor supply and employer demand don't always align, with mismatches in skills and expectations.
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Job seekers want higher pay, meaningful work, and flexibility, but openings don't always meet those needs.
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Signs of economic slowdown persist, like declining wage growth, as the Fed raises rates to curb inflation.
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Individual experiences vary, with some finding plentiful options while others struggle to find the right fit.