Just how great is the American job market? As a career coach and job market observer for 25 years, a published columnist for 19 years, and a participant in the labor market for 54 years, I’ve never seen anything like it. Nor has anyone else. Not even close.
The Bureau of Labor Statistics (BLS) released its July jobs report today – and it was another beauty. With widespread expectations of 250,000 jobs created, the market came in at an astounding 528,000. While that was going on, what happened to an historically low unemployment rate? It dropped even more, from 3.6% to 3.5%. If this were an outlier, it would merit some reserve of opinion, but this is the 19th consecutive month of this performance.
From beautiful to breathtaking
But it goes beyond that; what takes it from being beautiful to being breathtaking