Article source: ConstructConnect
Once again, there was little wrong with the U.S. labor market picture in the just released monthly update from the Bureau of Labor Statistics (BLS). November’s jobs creation figure was +263,000, not far off what it’s been in each of the three preceding months.
From August through November, the monthly increase in the U.S. total jobs count has ranged between +250,000 and +300,000, a tight and quite healthy band.
The dreaded recession, at least at the tail end of 2022, is still at bay as far as the overall labor market is concerned, although there are certainly well-publicized instances (e.g., Twitter) of new management taking action that has led to significant layoffs.
