WASHINGTON — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists have also warned that hiring would soon slow simply because there are fewer unemployed workers available. That day may still come, but it didn’t in November.

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BING NEWS:
  • Red flag for the job market? Behind booming employment gains, white-collar hiring slows
    Job growth in professional and business services has slowed sharply. That may mean the labor market is softening despite blockbuster March jobs report ...
    04/10/2024 - 10:27 pm | View Link
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    Higher rates also reduce consumer spending, easing demand pressures that contribute to rising prices. The Federal Reserve has raised interest rates 11 times since March 2022, bringing its fed ...
    03/5/2024 - 2:06 am | View Link
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