Today’s data has revealed a mixed picture for the US labor market. Despite the drop in temporary help services jobs, overall nonfarm employment has grown and unemployment rates remain low. This slower growth overall suggests that the federal government’s efforts to cool the economy are beginning to have an effect. It is clear that the impact of the pandemic continues to be felt in the labor market, but the data also holds some encouraging signs as the labor force participation rate is at its highest since the pandemic began. Average hourly earnings have also seen a positive increase, although modest, with all employees on private nonfarm payrolls seeing a nine cent increase to $33.18. A full analysis of these jobs numbers has been prepared by Staffing Industry Analysts.