The U.S. labor market capped off 2023 on a high note, with the final monthly jobs report of the year dampening thoughts that an interest rate cut by the Federal Reserve is coming soon. Employers added 216,000 jobs in the final month of the year, with the larger-than-expected gain exce...
Positive Labor Market Report This morning’s better-than-expected jobs report adds to the growing list of recent economic readings that is showing positive, albeit below-trend, economic growth in the U.S. economy. This should help in reassuring the markets and further offset some of the recessi...
While exceeding forecasts, the latest jobs readout is not out of line with the narrative of an economy coming in for a "soft landing," rather than plunging toward a recession. A number above 300,000 would raise concerns about the jobs market overheating, according to Art Hogan, chief market...
The report came two days after the payroll data company Automatic Data Processing (ADP) reported that U.S. private companies had added 807,000 jobs in December. Nela Richardson, chief economist at ADP, noted that December's job market strengthened as the fallout from the Delta variant faded a...
Reserve watches the JOLTS report closely for signs of tightness or slack in the labor market. Markets expect the Fed to lower its benchmark borrowing rate by a quarter percentage point when it meets later this month, in part an effort to head off any potential weakness in ...
U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong.
The Labor Department's first look at the U.S. jobs market for December 2021 showed the national unemployment rate under 4% and 199,000 jobs added last month. While any recent number needs to be taken in the context of an economic recovery, when companies add jobs more quickly, a look ...
The September employment report from the U.S. Bureau of Labor Statistics (BLS) was predestined to create a significant amount of buzz. But the confluence of headline jobs growth at a modest clip of 114,000 and a surprisingly large 0.3 percentage point re
government issues the August jobs report. Credit: AP/Michael Dwyer By The Associated PressUpdated September 1, 2023 Share WASHINGTON — America's employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest...
jobs, careers, work hours, etc., based on cultural expectations. Hence, it is important to consider how the construction of identity is forged in the labor market through a transnational consciousness. What this means in practical terms is that jobs, salaries, class, and status are often ...