- Employers have added at least 400,000 jobs a month for the past year.
- The May jobs report could show a slow down in those gains.
- That slowdown may signal that an overheated economy struggling with high inflation is cooling down.
The job growth party isn’t over – but it’s starting to simmer down.
Employers have added at least 400,000 jobs a month for the past year, the longest such streak on record, providing lots of opportunities for people laid off in the pandemic-induced recession and those seeking higher-paying positions.