Americans can expect a robust labor market over the next year, but job creation is bound to slow as the economy loses some momentum and the worker pool remains tight.
That’s according to economists polled for Bankrate’s First-Quarter Economic Indicator poll, which projects that employers should add an average of 281,000 new jobs each month between now and March 2023 — almost two times slower than the previous 12-month pace of 556,000. Only one economist predicted that job gains would pick up, the poll found.
Even so, Americans are unlikely to have to spend a long time hunting for a new job, welcomed news amid elevated uncertainty surrounding inflation, the Federal Reserve and the conflict in Ukraine.
