The Labor Market May Be Tighter than the Level of Employment Suggests
Abstract: Nonfarm payroll employment disappointed in April, increasing just 266,000, well below consensus expectations of nearly 1 million new jobs. With payroll employment remaining well below its prior peak, slow job growth would typically suggest weak demand for labor from firms and limited employment opportunities for job seekers. Current conditions in the labor market, however, may be far from typical.
Keywords: Labor; Economic Conditions; COVID-19; Monetary Policy;
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2021-05-27