Jobs, Wages, and the Economy: Decoding the Labor Market

How is the US labor market really doing? Given the number of conflicting messages and conflicting datapoints, it is understandable for citizens and business leaders to lack clarity. 

The unemployment rate — at 4.4% as of September (latest data available) — is below the 10- and 20-year averages. US Real Personal Income in the third quarter was up 2.3% from the same quarter one year ago, helping to fuel increases in consumer spending, the foremost engine of the US economy. Yet, weak job creation numbers have made headlines, and affordability concerns weigh heavily on consumers’ minds. The impact of AI on the labor market is also in question, as is the lack of available qualified workers for many industries. What are businesses to make of this convoluted situation? More importantly, what should they do to best position their businesses for success?

Join Senior Forecaster & Keynote Presenter Connor Lokar as he reviews the data and provides an unbiased and apolitical assessment of the US labor market in plain English. Connor will examine the US labor market from a variety of angles, including employment numbers, wages, labor availability, and industry specific effects. The focus will be on providing ITR Economics Insiders with pragmatic solutions to face the real challenges posed by the US labor market.
 

This webinar recording is an Insider member exclusive! Sign up today to receive this complimentary recording later this month, and receive answers to questions like:

• Is the US labor market actually strong or weakening — and how should I interpret today’s mixed signals?
• How will trends in wages, hiring, and worker availability impact my business in the coming year?
• What do current labor market shifts mean for my ability to attract and retain qualified employees?
• How should I prepare my organization for the effects of AI and other structural changes in the workforce?