The Buffalo Niagara job market has weathered the Federal Reserve’s efforts to subdue inflation.
Hiring across the region has picked up since school let out, with the return of legions of students helping to ease the labor shortage that has put a crimp on hiring since the pandemic.
The region’s cooling economy comes at a time when it still hasn’t recovered more than 15,000 of the jobs that were lost during the pandemic.
With the job market holding up – and workers holding on to their jobs despite the Fed’s efforts to cool the economy – consumers are continuing to spend, which is good for businesses all around. It bolsters the demand for what we’re buying, whether it is expensive stuff, from cars to home improvements, to essentials, such as clothes or groceries, to discretionary items, such as concert tickets or dining out.
“The local labor market has shown strength, despite the odds,” said Julie Anna Golebiewski, a Canisius College economist.
The latest job numbers from the state Labor Department bear that out. Hiring picked up sharply during June, thanks to a powerful surge in hiring in the highly seasonal leisure and hospitality field, which includes the bars, restaurants and hotels that have long struggled to fill their largely…
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