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Jobs Friday: The Four Labor Markets

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Jobs Friday: The Four Labor Markets

Jobs Friday: The Four Labor Markets

Jobs Friday: The Four Labor Markets

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  • <iframe src="https://www.npr.org/player/embed/943241113/943315810" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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NurPhoto/NurPhoto via Getty Images
Photo by Sebastian Barros/NurPhoto via Getty Images
NurPhoto/NurPhoto via Getty Images

The Bureau of Labor Statistics (BLS) November jobs report revealed that the American economy is still down almost 10 million jobs since the pandemic started. But potentially more alarming: the labor market recovery seems to be slowing down.

Last month, the economy only added 245,000 jobs, the lowest since May. That figure doesn't exactly tell the whole story, though.

Zooming in on different sectors of the economy presents a more nuanced picture. Some areas are recovering quickly, some slowly, some not at all — and some sectors are even growing.

Chief Economist at Indeed Jed Kolko breaks down four different labor markets and explains how the pandemic has affected each of them.

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