This is March data, during a period when the Iran conflict was active, oil prices moved above $100, and gasoline prices crossed $4 per gallon. Despite these conditions, hiring remained stable. However, there is a lag in how these factors affect the labor market.Higher energy costs first impact margins and operating costs, and only later influence hiring decisions.
Early signs of this adjustment are already visible, with some companies indicating slower hiring or pauses.So the current picture is:Labor market remains stable.Wage growth is moderating.External cost pressures are rising.The next set of data will show how these pressures begin to affect employment.
Early signs of this adjustment are already visible, with some companies indicating slower hiring or pauses.So the current picture is:Labor market remains stable.Wage growth is moderating.External cost pressures are rising.The next set of data will show how these pressures begin to affect employment.
