“This just reaffirms that the jobs market is entering 2024 on solid ground,” said Daniel Zhao, lead economist at Glassdoor. “The fact that job growth was so widespread across industries is a healthy sign. Coming into today’s report, we were concerned about how concentrated jobs were in...
U.S. employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economic strength.
“The stronger than expected jobs report shows how the job market continues to be a bright spot within the U.S. economy,” offered Joe Gaffoglio, President of Mutual of America Capital Management. “Fed Chair Jerome Powell recently signaled that interest-rate cuts may not start as soon as t...
US employers added 157,000 new jobs in January, an unexciting but solid total that helped to push the Dow Jones Industrial Average above the 14,000 level Friday morning.Trumbull, Mark
The data precedes the release of the more closely watched February jobs report from the Labor Department on Friday morning. The unemployment rate is expected to hold steady at 3.9%.
Do strong jobs numbers mean inflation is coming?The jury's still out. January's report "might make one worried about inflation, but, on the other hand, the continued increase in participation should lead the Fed to realize that we're not yet at a point where we'll cause the economy to...
The professional and business services sector accounted for the biggest payroll gains last month, adding 74,000 new jobs in January. That is considerably higher than the 14,000 average monthly increase in 2023. Employment rose in administrative and support services (25,700), computer systems ...
MORE: ADP: Omicron Causes Loss of 301K Jobs in January The reading comes one day before a critical monthly report on nonfarm payrolls, which will be the first detailed report on the health of the job market in 2022. The four-week moving average was 255,000, an...
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The January jobs report showed that payrolls increased by 517,000 workers last month, faster than expected, as bars and restaurants hired more workers.