November’s robust employment figures didn’t guarantee an effortless economic transition, but they did provide some relief.
With a 3.7% unemployment rate and the addition of 199,000 jobs, there’s no hint of a recession, let alone a loud proclamation of one.
For now, the U.S. economy can chalk up a small victory, given the daunting challenge of navigating the highest inflation in over 40 years and an uncertain future.
Daniel Zhao, lead economist at Glassdoor, remarked, “Overall, the job market is contributing to a smooth landing. It’s uneventful in all the right ways—a welcome shift after several years of more turbulent reports.”
Despite widespread apprehension leading up to the Labor Department’s nonfarm payrolls report, the specifics were relatively benign.
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