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Given how the labor market cooled over summer, is the labor market still on thin ice?

By Darian Woods

Published October 10, 2024 at 3:06 PM PDT

In September, 254,000 jobs were added to the US economy and the unemployment rate ticked down very slightly to 4.1%. It's unexpectedly strong, and relieving news for workers after a pretty lackluster summer. But, given how the labor market cooled over summer, is the labor market still on thin ice? And if there were to be a plummet in jobs, could anything be done to speed up the recovery?

Darian Woods

Darian Woods is a host of The Indicator from Planet Money. He blends economics, journalism, and an ear for audio to tell stories that explain the global economy. He's reported on the time the world got together and solved a climate crisis, vaccine intellectual property explained through cake baking, and how Kit Kat bars reveal hidden economic forces.