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Wages up as Americans are encouraged back to work and into the office – 3 takeaways from the latest jobs report
Nov 05, 2021 | The Conversation
Picture - Wages up as Americans are encouraged back to work and into the office – 3 takeaways from the latest jobs report

After a lackluster jobs report in September 2021, the latest news on employment gives Americans plenty of cheer about ahead of the holiday season.

In total, 531,000 jobs were added in October – outstripping the already optimistic predictions of economists. This caused the unemployment rate to fall 0.2 percentage points to 4.6%.

Even with those gains, the U.S. is still below pre-pandemic employment levels. But as an economist, I see details in the latest jobs report that suggest the workforce is emerging from 18 months of what has been the “new normal” and getting back to, well, the “normal normal.”

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