With a strong jobs market, U.S. economy hangs on by a thread

InflationMoney MattersHuman Resources
Written By Jennifer Joslyn

The American job market continues to perplex experts. Gross Domestic Product fell in the first half of 2022, indicating in the traditional sense that the U.S. economy should be in a recession. Not to mention the inflation rate soaring at a 40-year high and crippling the American public.

But the labor market seems to have other plans. With a low jobless rate persisting, many economists are holding back on declaring the economy in a downturn. But they are also referring to the job market as the last foothold the country has in avoiding economic catastrophe in the very near future.

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