It's unlikely a crash in employment would prompt a recession. In spite of a slowdown in job creation, the job market remains relatively strong.
Those same workers have seen their wages grow faster than the overall average in the last year thanks to the labor shortage.
About 3.5 million more people were working or looking for work in May than a year earlier. Economists hope the number keeps rising.
There are almost two job openings for every unemployed person.
Overall, births are still trending downward.
We’ve now regained more jobs than we lost early in the pandemic in some sectors.
The Bureau of Labor Statistics' "reference week," used to calculate employment, included Jan. 12 — when omicron was at its worst.
Higher wages and low unemployment are good news to people. Inflation isn't.
Despite good economic data like GDP growth, many Americans are not optimistic.
GDP climbed by 5.7% last year — the highest annual growth rate in more than three decades.