The US labor market does not indicate that economic activity is about to collapse.
On Friday, the January jobs report showed that the unemployment rate fell to 4.9%, the lowest since February 2008, while the economy added 151,000 jobs.
We also saw wage growth rise to a post-crisis high as average hourly earnings increased 2.5% and the labor-force participation rate improved.
And while there's still some slack left in the labor market the latest data confirm that the strongest part of the economy - the labor market - is doing more than just fine.
We think these nine charts from Deutsche Bank capture the state of the US labor market right now.