US Labor Market Shows Signs of Losing Steam, Putting the Fed on Alert
- Companies are posting fewer openings and workers quitting less
- Two key reports this week to offer clues on labor’s direction
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Economists and some Federal Reserve officials are increasingly on alert that pain could be on the horizon for American workers amid signs the labor market is losing steam.
Companies are posting fewer job openings this year and employees are quitting less as unemployment has begun creeping up from low levels, signaling the end of the historically-tight labor conditions that characterized the rapid recovery from the pandemic shock.