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Leisure & Hospitality employment continues to grow but remains the only sector still below its pre-pandemic employment level. The labor market has been running hot for several months; but it is uncertain when increasing wage gains are going to have a dampening effect on employment.
The January employment figures along with the revisions in December and November portray a labor market that is healthier than thought on first examination.
A welcome change from the previous two months, the expected job growth acceleration was somewhat higher than forecast by multiple outlets.
In advance of the Bureau of Labor Statistics' monthly jobs report, we're forecasting the monthly change in employment and unemployment rate.