Labor Market Surprises Economists

“The American job market looks remarkably strong,” Axios reports.

“Employers are hiring at a faster pace than almost any economist anticipated, unemployment remains historically low and wages continue to rise.”

“There are plenty of reasons businesses might be reluctant to hire, including geopolitical uncertainty and the proliferation of AI. Yet the blockbuster report shows employers have continued to add workers at a robust pace, and layoffs remain low across the economy.”

Washington Sun: U.S. employers added a surprising 165,000 jobs in October.