The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
President Donald Trump’s immigration crackdown and the surge in baby boomer retirements could soon redefine what it means to have a healthy labor market. Americans have long been conditioned to expect that robust gains in the Labor Department’s monthly payroll report will result in lower unemployment.
Reported by 1 outlet — Fortune. See all sources ↓
President Donald Trump’s immigration crackdown and the surge in baby boomer retirements could soon redefine what it means to have a healthy labor market. Americans have long been conditioned to expect that robust gains in the Labor Department’s monthly payroll report will result in lower unemployment. When hiring is weak or negative, the labor market can’t absorb enough new workers, sending the jobless rate up. For years, monthly job gains of around 125,000 to 150,000 were considered necessary to offset entrants into the workforce.
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Why it matters
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- What's the story?
- President Donald Trump’s immigration crackdown and the surge in baby boomer retirements could soon redefine what it means to have a healthy labor market. Americans have long been conditioned to expect that robust gains in the Labor Department’s monthly payroll report will result in lower unemployment.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 3m ago.
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The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
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