CNN —
The US labor market has held its own despite swirling forces — high inflation, an aggressive interest-rate-hiking campaign, pandemic aftershocks and geopolitical uncertainty — that seemed all but certain to trigger a recession.
Monthly job gains have frequently come in stronger than expected, and unemployment has held at or below 4% for 30 consecutive months.
That said, the job market of today is far different than it was 30 months ago.
“The labor market has normalized,” Luke Tilley, Wilmington Trust’s chief economist, told CNN in an interview. But, he cautioned, “the
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