Three straight weeks of hiring gains. Private payrolls adding roughly 20k/week through early September.
Not explosive. Not collapsing. Just steady.
The labor market isn't screaming recession, but it's also not the frothy hiring spree we saw two years ago. We're in that middle zone—where employers are cautious but not panicking.
This is what normalization looks like. Boring, gradual, unmemorable.
Which is exactly what the Fed wants to see.
Not explosive. Not collapsing. Just steady.
The labor market isn't screaming recession, but it's also not the frothy hiring spree we saw two years ago. We're in that middle zone—where employers are cautious but not panicking.
This is what normalization looks like. Boring, gradual, unmemorable.
Which is exactly what the Fed wants to see.
