The September employment report tamped down fears that a U.S. recession could already be in the offing. While slower job growth definitely merits close monitoring, the headline pace is still enough to absorb new workers, and the industry breakdown was encouraging. Given elevated concerns about the economic outlook, these signs of resilience were reassuring.
As iCIMS’ former chief economist, Josh Wright led a team of data scientists in analyzing emerging trends in the U.S. labor market. With publications ranging from academic journals to national media, Wright previously served as a U.S. economist with Bloomberg L.P., and was a staff researcher at the Federal Reserve.