This is a preview. View original post on this site
The U.S. economy has seen a spectacular recovery from the COVID-19 pandemic. Economic growth has outpaced most other advanced economies by a substantial margin. The labor market has also recovered well from the economic recession that coincided with the lockdowns in the first year of the pandemic. Employment in the U.S. is exceeding its pre-pandemic peak by about 5.5. million. Last year alone, more than three million jobs were added, an average of close to 300,000 net new non-farm payroll jobs each month.
That number far exceeded economists’ consensus estimates back in late 2022. Then, economists expected only half the
