GettyThe labor market continued to grow in January, starting the new year and decade strong. According to the Bureau of Labor Statistics’ jobs report, released on February 7, unemployment was little changed last month, hovering at a 50-year-low of 3.6%, and the market gained 225,000 jobs, 42% more than economists expected. This revision, says Zhao is likely to “temper expectations for the labor market in 2020.”So too will political and economic uncertainty. “A healthy labor market can act as a buffer against these kinds of negative shocks. “Because of how tight the labor market is, it’s more important than ever for employers to focus on having a satisfied and engaged employee base,” Zhao says.

Source: Forbes February 07, 2020 16:41 UTC