A hot US job market is coaxing people in from the sidelines
WASHINGTON (AP) — A surprisingly strong burst of job growth over the past year has led many economists to wonder: Where are all the workers coming from?
As recently as last spring, analysts had worried that hiring would slow as the pool of unemployed shrank. Many employers have complained for years that they could no longer find enough people to fill their open jobs.
Turns out they were both wrong.
The pace of hiring in 2018 was the most robust in three years, and for a surprising reason: Many more people have decided to look for work than experts had expected. The influx of those job seekers, if sustained, could help extend an economic expansion that is already the second-longest on record.