Lurking Behind Lackluster Jobs Gain are a Stagnating Labor Market and the Threat of Omicron

The first U.S. jobs report of 2022 showed continued – if lackluster – growth. But perhaps of greater significance for the economic year ahead are two factors that lurked behind the headline unemployment rate: a stagnating labor pool and the impact of omicron. First, the good news. The economy did add jobs in December, 199,000 More

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