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 * Economy
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STRONG HIRING, LOW UNEMPLOYMENT POINT TO ECONOMY MAKING POST-PANDEMIC PIVOT


BUT RISING OIL PRICES AND LOOMING RATE INCREASES FROM THE FED POSE NEW THREATS
TO THE JOBS RECOVERY

THE NUMBER OF JOB OPENINGS, SUCH AS THOSE ADVERTISED AT THIS MIAMI-DADE COUNTY
JOB FAIR, REMAINS NEAR THE HIGHEST ON RECORD.

Photo: Rebecca Blackwell/Associated Press
By
Josh Mitchell
Updated March 4, 2022 6:45 pm ET

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The U.S. labor market is pivoting toward a post-pandemic world, with a steady
stream of adults joining the labor force and employment approaching levels
before Covid-19 began its rapid spread.

Employers added 678,000 workers to their payrolls in February, the biggest gain
in seven months, the Labor Department said Friday. The jobless rate fell to 3.8%
from 4.0% a month earlier, edging closer to the 50-year low of 3.5% hit just
before the pandemic.

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