Tuesday, September 15, 2020
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How strong is the labor market?
As the third quarter nears its end, investors, workers, lawmakers, and central bankers are all pondering the next phase of this pandemic-induced economic cycle.
And one question more than any other sets a baseline for what happens next in the U.S. economy: how strong is the labor market?
Earlier this month, the August jobs report came in stronger than expected. Nonfarm payrolls grew by more than 1.3 million. The unemployment rate fell