Is the American Labor Market Peaking Now?

It’s been a good past year for the American labor market. Since March 2014, month-over-month employment growth has been above 200K every month except two. The strength poses the question – Is the American labor market peaking? Here are two arguments that suggest that it might be peaking. A Peaking American Labor Market? Year-over-Year Employment Growth The first is a look at the year-over-year growth in employment. The chart labels the previous business cycle peaks. In 1973, employment growth peaked at 4.63%. In 1978, 5.43%. In 1981, 1.96%. In 1984, 5.44%. In 1988, 3.28%. In 1995, 3.47%. In 2000, 2.55%….