The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than expected, the Labor Department reported Friday. December'sjobs reportshowed employers added 216,000 positions for the month while the unemployment rate held at 3.7%. Payroll growth show...
The strong report will not ease concerns about inflation at the Federal Reserve. By Tim Smart | Jan. 6, 2023, at 8:58 a.m. Save More Employers Add Jobs, Unemployment Falls More Spencer Platt|Getty Images), A 'now hiring' sign is displayed in a window of a store ...
A more encompassing measure of unemployment that takes into account discouraged workers and those holding part-time jobs for economic reasons also declined, falling to 6.5%, its lowest-ever reading in a data set that goes back to 1994. The headline unemployment ...
The article discusses the highlights of the jobs report released by the U.S. Bureau of Labor Statistics on December 2015. Topics covered include details relating to the reported steady unemployment rate, revisions to payroll counts, and net total job gains, the potential impact of long-term ...
"It's hard to imagine a jobs report in better balance," said Robert Frick, corporate economist with Navy Federal Credit Union, in an email. "Wage growth is slowing, which will take some pressure off inflation, and could slow Fed rate increases." ...
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The unemployment rate decreased to 9.4% (red line). The Labor Force Participation Rate declined to 64.3% in December (blue line). This is the lowest level since the early '80s. (This is the percentage of the working age population in the labor force. The participation rate is well below...
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The report also chronicled faculty leaving for other jobs outside the state or leaving academia. It cited a survey that found 300 of the 642 Florida professors who participated planned to seek employment elsewhere. Andrew Gothard, president of the statewide union United Faculty of Florida, told th...