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On the program today, what this labor market used to look like. From American public media, this is Marketplace.

In Los Angeles, I'm Kai Rizdole. It is Thursday, today, the 5th of October. It is always to have you along everybody. You know, it has been, well, it's been a while since this economy has been normal.

Three and a half years, if your counting feels like longer, though, which I mentioned because it is starting slowly, very, very slowly to look like things are getting back to what we have been used to seeing.

A key indicator is going to come tomorrow morning with the September unemployment report, which if trends hold is going to show a little less job growth than we have been seeing since the post pandemic boom got going.

Reversion to the mean is the phrase you're looking for here. Marketplace's Mitchell Hartman gets is going one year ago back in August 2022.

The economy was adding about 350,000 jobs a month way above the historical average, but by August 2023 says Olivia Cross at capital economics.

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