All NEW Investors: Your gift matched $ for $ this week! GIVE NOW

The pace of job creation has been slowing

Mitchell Hartman Feb 2, 2018
HTML EMBED:
COPY

The pace of job creation has been slowing

Mitchell Hartman Feb 2, 2018
HTML EMBED:
COPY

The pace of job creation has declined every year since a post-recession peak of 250,000 per month in 2014. Last year, job creation was down to about 170,000 per month. And it could slow even more over the next couple of years. That’s because with unemployment so low, employers are having a harder time finding available workers. Baby Boomers are retiring and population growth is slower today than it was in the past. Still, the Department of Labor predicts some job categories will grow at a strong pace in the next decade, including education, health care, construction and work in the oil and gas fields. 

Click the audio player above to hear the full story. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.