Why there's 'cautious optimism in the air' for the labor market [Yahoo! Finance Canada]
ZipRecruiter, Inc. Class A (ZIP)
Company Research
Source: Yahoo! Finance Canada
ZipRecruiter chief economist Julia Pollak joins Josh Lipton on Asking for a Trend to check in on the labor market. "We have actually seen quite a rebound both in job seeker sentiment and in the sentiment among newly hired workers in just the last month. So, there is definitely cautious optimism in the air," Pollak says, crediting this positive sentiment shift to avoiding a recession, a less significant slowdown in the labor market, and positive growth in the stock market. "There is an anticipation among employers and among job seekers that we might see those gains [seen in the stock market] in the labor market, too, and not just in a couple of places, but that the whole labor market might get a lift." The economist says "The most important labor market trend at the moment is how narrowly distributed the job gains are." She explains, "More than 100% of the job gains in the last quarter came from just four sectors that are less than half of the workers in America. The other half o
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