The global economy has continued to decelerate, stemming from global trade and weak investment growth, which impacted nearly every region of the world.
However, the global labor market remains tight with around half (27 of the 49) countries analyzed in this report showing levels of 5.0 percent or less, which is considered by many economists as at or near full employment.
In the United States, stocks had a remarkable year in 2019, recording the largest yearly gain since 2013. Both the S&P 500 and the Dow Jones Industrials increased by 28.9 percent and 22.3 percent, respectively.
Despite the slowdown in economic growth, the global labor market remained robust as the unemployment rate in 2019.