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The good news: The US labor market is well on its way to a full recovery.

The bad news: It’s going to take a while to get there.

After improving steadily through 2021, the disappointing April jobs report signaled the labor market’s rebound wouldn’t be as smooth as most hoped. With labor shortages and supply bottlenecks now dragging on the broader recovery, economists are updating their employment projections to account for numerous new hurdles.

Fitch Ratings economists joined the crowd on Wednesday. The team led by Brian Coulton sees a return to full employment arriving in the details ⇒

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