fbpx The US labor market recovered rapidly in 2021 but still fell short even before Omicron wave - Jason Furman | Harvard Kennedy School

Excerpt

January 7, 2022, Opinion: "The economy added 199,000 jobs in December, below the average pace of job creation for the rest of the 2021. The unemployment rate continued its rapid decline falling to 3.9 percent as labor force participation was flat. Nominal wages continued to reflect the very hot labor market, growing at a very rapid 0.6 percent pace, faster than the pace over the first 11 months of the year." Read on PIIE

HKS Authors - Jason Furman and Willie Powell