economics2 years ago
The Unpredictable US Job Market: Recession Fears and Growth Surprises
Economists are warning of a "full-employment recession" in which the job market is so tight that it leads to a slowdown in economic growth. With unemployment rates at historic lows and labor force participation rates stagnant, employers are struggling to find workers, leading to wage increases and potential inflation. This could ultimately lead to a recession as businesses struggle to keep up with rising labor costs.