” 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 really just three sectors — health care, education and government. While it...
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.
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
” 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 the market wanted, and this jobs report hasn’t given him any reason to change that...
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 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%.
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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January jobs report 'not at all consistent' with slowing economy: Nick Timiraos The Wall Street Journal chief economics correspondent Nick Timiraos predicts some future 'heartburn' in the labor sector. The U.S. job market began the year on a stunningly strong foot, boosted by a flurry of h...