Total nonfarm payroll employment posted robust gains in July and August at an average pace that was only slightly below what was seen over the first half of the year. The unemployment rate edged up, on net, from 3.6 percent in June to 3.7 percent in August. The unemployment ...
Recent data suggested that labor market conditions remained solid. Average monthly nonfarm payroll gains in the third quarter were similar to those seen in the second quarter. October job gains were held down noticeably by the effects of strikes and hurricanes. The unemployment rate ...
Until 2025, the Federal Employees Health Benefits (FEHB) program was the sole program for federal employees and retirees, including those working for, or who had retired from, the semi-corporate U.S. Postal Service. The Postal Service Health Benefits (PSHB) began in calendar year 2025 as a ...
Keep in mind that March nonfarm payroll employment data will be the headline this week. Growth likely decelerated in March, holding the unemployment rate unchanged and indicating the modest margin of slack in the economy is slowing wage growth to a pace more typical of a balanced job market. ...
Participants noted that labor market conditions had eased further in recent months and that, after being overheated in recent years, the labor market was now less tight than it had been just before the pandemic. As evidence, participants cited the slowdown in payroll employment grow...
Labor demand and supply continued to move into better balance, though the speed of this realignment appeared to have slowed in recent months. Total nonfarm payroll employment increased at a faster average monthly pace in the first quarter of 2024 than in the fourth quarter of 2023...
many participants noted that reported payroll gains might be overstated, and several assessed that payroll gains may be lower than those needed to keep the unemployment rate constant with a flat labor force participation rate. Participants observed that other indicators also pointed to ...