Worker Demand at an Inflection Point?

The labor market has been red hot, with nearly two job openings for every unemployed worker . T he unemployment rate sits at just 3.6%, which is historically low. We may be reaching an inflection point , however. The jobs market is a lagging indicator meaning it reflects past growth , in this case from last year’s economic boom. S ince the beginning of the year , leading economic indicators show that growth is downshifting . This will cool the demand for workers.