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Economic Viewpoint

Is the U.S. Job Market Beginning to Show Signs of Weakness?

October 2, 2019
François Dupuis, Vice-President and Chief Economist • Mathieu D’Anjou, Deputy Chief Economist • Francis Généreux, Senior Economist

Job creation in the United States has been going strong for 114 months in a row. This performance provides a major boost to households and the economy in general. Other indicators of the strength of the U.S. economy are beginning to show signs of weakness, but is this also the case for the job market? For the time being, job creation remains relatively good. However, there is a sense that other components are slightly less positive. These signs will have to be watched closely over the coming months. Sustained deterioration in the job market would significantly raise the chances of the current economic cycle coming to an end.