labor market
4 briefs
115,000 Jobs in April. The Iran War Hasn't Hit the Labor Market. Yet.
April payrolls nearly doubled economist forecasts despite $4.50 gas and the biggest oil shock since 2022. Either the economy is genuinely resilient, or the damage is still in transit.
The Jobs Market Looks Fine. The Hiring Market Doesn't.
Tomorrow's April payrolls report will likely show near-zero job creation alongside a stable unemployment rate. This is not a healthy labor market. It is a frozen one, and the Iran oil shock is the reason it cannot thaw.
The Labor Market That Cannot Be Described in One Sentence
Jobless claims hit a 1969 low the same month Meta laid off 8,000 people and Amazon is cutting 16,000. The April payrolls report on Friday will not resolve this contradiction.
178,000 Jobs and a Recession Incoming
March added three times more jobs than anyone expected. Economists say a recession is coming anyway. Both are true, and what reconciles them is the part nobody wants to explain.