“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.
” 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...
The Fed made clear that while it's nearing along-awaited shifttoward cutting interest rates, it's in no hurry to do so. The latest jobs report could convince the central bank to push off its first rate cut until later in 2024, experts said on Friday. "The stronger than expected jobs r...
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
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...
Just one sector of the economy shed jobs last month: mining and logging, which saw employment fall by 6,000 as mining, quarrying and oil and gas extraction companies pulled back on hiring, the Department of Labor said in the report.U...
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...
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%.
emphasis added Click on graph for larger image. The first graph shows the year-over-year change in total non-farm employment since 1968. In January, the year-over-year change was 6.61 million jobs. This was up significantly year-over-year. ...