Job Market “Recovery” in Big Cities May Look Different Than Expected

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We live in potentially confusing times. On one hand, the record-breaking rates of inflation we saw this year combined with warnings of a recession from prominent individuals and organizations such as the IMF and World Bank, have contributed to a somewhat worrisome economic mood. On the other hand, numerous signals indicate a strong post-pandemic job market recovery. Just very recently, most states in the U.S. reported robust growth in the job market during 3Q22, with the median job recovery rate at 98 percent, six percent higher than in 2Q22.

Given such mixed signals, it’s understandable that people would

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