The labour market is proving to be one of the most resilient sectors of the economy in 2016.
On Friday, we learned that the US economy added an impressive 242,000 jobs in February and the unemployment rate was unchanged at an eight-year low of 4.9%.
But overall, this pace of jobs growth came even as the crucial services and manufacturing sectors slowed down.
And overall, this report made clear that the labour market is approaching full employment, and that labour-market weakness will simply not points to signs of a looming recession.
The following charts from Deutsche Bank’s economics team highlight the most important labour-market themes of the moment.