WASHINGTON — Exactly eight years after the Great Recession ended, the U.S. job market has settled into a sweet spot of steadily solid growth.
The 4.4 percent unemployment rate matches a decade low. Many people who had stopped looking for jobs are coming off the sidelines to find them. More part-timers are finding full-time work. About all that’s still missing is a broad acceleration in pay.
On Friday, when the government releases the jobs report for May, that pattern is likely to extend itself. The consensus expectation of economists is that the Labor Department will report that employers added 176,000 jobs, according to a survey by FactSet, a data provider. That’s right in line with the monthly average of 174,000 over the past three months.
All told, it’s evidence of an American economy that is running neither too hot nor too cold, with growth holding at a tepid but far from recessionary 2 …
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