Good News about the US Labor MarketAs fears of a recession grow wider and more severe, with somegoing as far as to suggest that...By ChallengerJohn A
Auto mechanic Willie Chung works on a vehicle at the Express Auto Service Inc., in Chicago, Thursday, Sept. 19, 2024. (AP Photo/Nam Y. Huh) WASHINGTON (AP) — U.S. job openings rose unexpectedly in August as the American labor market continued to show resilience. The ...
We analyzed 30 advanced economies by comparing job vacancies to numbers of unemployed job seekers, a measure of labor market tightness commonly used by economists. Labor markets have tightened in all of them. The number of job vacancies per unemployed person inc...
“It’s a very strong report. The labor market is healthy,” said Mark Zandi, chief economist at Moody’s Analytics. “This is very good news particularly in the context of the turmoil in the financial markets in the past several months.” ...
The U.S. labor market tightened further last week, with jobless claims coming in at the lowest level since the beginning of the year, the Labor Department said Thursday. Initial filings for unemployment insurance totaled 214,000 for the week ended March 12, better than the Dow Jones estimate...
“Job openings are still elevated relative to pre-pandemic readings, signaling still-strong demand for workers,’’ said Rubeela Farooqi, chief U.S. economist at High Frequency Economics. “A strong labor market backdrop coupled with inflation receding but remaining above target ...
US job growth last month topped all estimates, the unemployment rate unexpectedly declined and wage growth accelerated, quelling concerns that the labor market is deteriorating. Payrolls increased 254,000 in September and gains in the prior two months were revised higher. The jobless rate fell to...
Thus, while the pace has slowed, the US labour market continues to make a solid impression. ADP commented that after two years of exceptional gains, the labor market is now returning to more sustainable wage and employment growth. Further insight will be provided by the ...
In this lesson, we look at the complicated issue of how immigrants impact the labor market in the United States. We'll discuss different types of immigrants, the different jobs they perform, and some of the debates surrounding hiring immigrants. ...
The US labour market gained 272,000 jobs in May, far more than forecast, pushing back market expectations for the timing of Federal Reserve rate cuts. The figures from the Bureau of Labor Statistics for non-farm payrolls last month compared with a prediction of a 180,000 rise in a Bloomber...