Despite the Federal Reserve’s aggressive tightening program over the past 20 months, the labor market has been surprisingly resilient. The 22 million jobs lost in March and April of 2020 as the economy shut down due to the pandemic were fully recovered by June 2022, and since then, another 4.5 million jobs have been added, an average of 282,000 per month.
CoStar Analytics
November 15, 2023 | 2:15 P.M.
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