The tight U.S. labor market may have reached a new peak this year with wage growth soon to follow.
Last month employers added a surprise 528,000 jobs — a stunning figure that doubled Wall Street estimates and reflected the labor market fully recovered from pandemic job losses — while the unemployment rate ticked down to 3.5%, according to the Bureau of Labor Statistics.
“What you have right now is effectively peak employment,” ZipRecruiter CEO Ian Siegal told Yahoo Finance (video above)….
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