Labor pains
One of the more puzzling aspects of the U.S. economy is that employers have been on an almost uninterrupted hiring spree since President Biden took office — and analysts see no signs that the trend will reverse any time soon.
The paradox is that there is no guarantee that the jobs boom will keep Biden in the White House beyond November, completely scrambling the adage “It’s the economy, stupid” that wins elections.
For 39 straight months, employers have added jobs despite many predictions that the United States was destined for a recession. They have also faced a long list of challenges, that have hobbled many of America’s peers, including high inflation and interest rates; wars in Ukraine and Gaza that have sent energy prices soaring; and shipping turmoil in the Panama Canal, Red Sea and now the Port of Baltimore.
March was another blockbuster for jobs. The latest…
