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The hospitality industry, for example, is on a hiring binge.
We spent despite being whipsawed by economic news. Raises and slowing inflation helped.
Here are the industries that saw the biggest job gains and the ones still falling behind.
Supply chain hangups and labor shortages have frustrated small businesses. But for a custom frame shop in Detroit, optimism is high for 2023.
The job market is still tight, so many who’ve lost jobs rejoin the workforce fast. Others aren’t eager to deal with the unemployment insurance system.
Private-sector wages are up about 5% over the past year. But gains guaranteed by government can’t be lost during an economic downturn.
The strongest gains were in health care and manufacturing. The 261,000 jobs added beat expectations.
Chair Jerome Powell says there’s still too much demand for workers for inflation to come down.
The tight job market means it’s been years since Matt Gehman has hired new qualified employees at MMG Industrial and Metal Locking Service.
Employers keep looking for workers to meet consumer demand, though there are signs the labor market may cool down.