Labor Force Grew Above Pre-Pandemic Levels
b'"The labor force has finally risen above pre-pandemic levels. Unemployment rates across ethnicity and age groups saw a rise. These are the first signs that interest rate hikes are impacting the economy. A softening labor landing can open the door to a slower pace of tightening," says Ben Emons. The Employment Situation report for August 2022 indicated 315K in non-farm payrolls with an unemployment rate of 3.7%.'