These 9 charts tell the definitive story of the US labor market
The US labor market does not indicate that economic activity is about to collapse.
On Friday, the January jobs report showed that the unemployment rate fell to 4.9%, the lowest since February 2008, while the economy added 151,000 jobs.
We also saw wage growth rise to a post-crisis high as average hourly earnings increased 2.5% and the labor-force participation rate improved.
And while there's still some slack left in the labor market the latest data confirm that the strongest part of the economy - the labor market - is doing more than just fine.
We think these nine charts from Deutsche Bank capture the state of the US labor market right now.
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