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Lurking behind lackluster jobs gain are a stagnating labor market and the threat of omicron

  • Written by: Christopher Decker, Professor of Economics, University of Nebraska Omaha
Lurking behind lackluster jobs gain are a stagnating labor market and the threat of omicronFlipping jobs?AP Photo/Jenny Kane

The first U.S. jobs report of 2022 showed continued – if lackluster – growth. But perhaps of greater significance for the economic year ahead are two factors that lurked behind the headline unemployment rate: a stagnating labor pool and the impact of omicron.

First, the good news. The economy did add...

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