WASHINGTON (AP) — Against the backdrop of next week’s midterm elections, the U.S. job market is the healthiest it’s been in at least two decades. And with another strong hiring report expected Friday, some barometers of the job market suggest that it has room to strengthen further.
Businesses, hungry for workers, are advertising a record number of openings. Companies in October added the most jobs in eight months, a private survey found. Pay has been picking up.
In the past year or so, as unemployment has dwindled to a now-49-year low, economists had been predicting that hiring would slow as the pool of jobless workers shrank. Yet so far that hasn’t happened. In fact, job growth has actually accelerated this year from 2017.