Market News / Story
US: How Much Do Young Adults Benefit from Tight Labor Markets?
stlouisfed.org ·
The U.S. labor market has experienced one of the longest stretches of low unemployment in modern history. As of mid-2026, the national unemployment rate has remained at or below 4.5% for nearly five years. Following the sharp job losses of the COVID-19 recession, unemployment fell rapidly and has stayed low across much of the country. Periods of strong ...