This is a preview. View original post on this site
What can we expect from the U.S. labor market going into 2024? Beige. Yes, beige, the boring color.
Since COVID-19 hit in 2020, the economy went from an ominous red to a neon green, a whipsaw that is only now starting to normalize. Yes, the “soft landing” that most economists didn’t expect – though we did! – has begun to look more and more likely: Inflation has trended down, while layoffs have remained low.
This morning’s jobs report for December 2023 showed a resilient strength in hiring and a still-low unemployment rate. Expect a more boring set
