A (Mostly) Positive Labor Market Forecast for 2023

The year is closing with another strong employment report from the U.S. Bureau of Labor Statistics. For November, the U.S. economy added 263,000 jobs, and the unemployment rate remained very low at 3.7%. Despite the constant anticipation of more negative news, along with many high-profile layoffs, the U.S. labor market has displayed very few signs of a major slowdown.