Labor Market: On the Mend, but Not “Back to Normal”

The labor market has improved over the past
three-and-a-half years, but it has not returned
to “normal,” where normal is defined as
mid-to-late 2007, just prior to the onset of the
2007 – 09 Great Recession.
The BLS’s October 2013 Employment
Situation report has done little to convince
some members of the public, market
participants, and policymakers that the labor
market is improving.
As the healing process continues, markets
will continue to monitor the daily, weekly,
and monthly flow of data on the labor market.
However, your “employment situation” will
remain the best gauge of the health of the
labor market as 2013 draws to a close.

Weekly Economic Commentary 11-11-13

Jason A. Jennings, CFP®
Managing Partner
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