https://www.morningstar.com/markets/why-we-expect-job-market-slow-2024Links to an external site.

In this recent article titled, "Why We Expect the Job Market's Slowdown to Renew in 2024," Preston Caldwell, talks about how the pandemic caused shifts in everything. Leading up to 2024 we expect our economy to go back to our "pre-pandemic" self. He states that in 2024 the GPD will drop by 1% and the overall rate of growth is predicted to slow down. The unemployment rate has reached 3.7% since January 2024 which means that it has gone back to a good rate compared to 2023, which was 3.5%. 2024 should open new opportunities such as more job availability, and a healthy wage growth. The pandemic affected a lot of people and jobs, but the return to a more normalized life style should allow for growth and sustainability in our country.

Please read the article posted and responding to it. Your response should include an application of an additional economic idea/theory that demonstrates the link between the unemployment information in this article and business cycles or inflation. Use economic terminology