Here’s the latest sign the job market is cooling
Trending News
2 days, 7 hours ago

Here’s the latest sign the job market is cooling

CNN  

CNN — The “Great Stay” deepened in November as the number of people who quit their jobs that month dropped to under 3.1 million, a level not seen since the height of the pandemic. The latest Job Openings and Labor Turnover Survey report, which was released Tuesday, also showed that hiring activity remained at a decade low, a further indication that a much cooler labor market is at hand. “That’s the best way that workers can get ahead and see stronger wage growth is to quit their job and find another one.” While workers and employers may be sitting tight more often now, the pace of job growth and other key metrics indicate that the labor market remains on solid footing, Gould added. “The unemployment rate is still low, the employment to population ratio is still high, there’s still meaningful wage growth.” Job growth slowed last year, reflecting both the ongoing normalization of the labor market following the pandemic as well as ongoing pressures from a high-interest rate environment meant to stifle demand and tame inflation. The coming weeks and months could shift the narrative for the labor market, inflation and the overall economy, economists have cautioned, noting President-elect Donald Trump’s policy proposals around trade, taxes, government efficiency and immigration.

Labor Job Market Gould Factset Job Openings  million  sign  workers  job  cooling  growth  heres  latest  report  labor  jobs  quit  market  openings

History of this topic

US applications for jobless claims fall to 201,000, lowest level in nearly a year
Trending News
17 hours, 56 minutes ago

US applications for jobless claims fall to 201,000, lowest level in nearly a year

Associated Press  

U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffs. The Labor Department on Wednesday said that applications for jobless benefits fell to 201,000 for the week ending January 4, down from the previous week’s 211,000. When the Labor Department releases hiring numbers …

U.S. applications for jobless claims fall to 201,000, lowest level in nearly a year
1 day, 7 hours ago

U.S. applications for jobless claims fall to 201,000, lowest level in nearly a year

LA Times  

A help wanted sign is displayed at a restaurant in Chicago on Nov. 25, 2024. U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffs. The Labor Department on Wednesday said that applications for jobless benefits fell to 201,000 for the week ending …

US job openings rise unexpectedly to 8.1 million in November, a sign the labor market is resilient
1 day, 16 hours ago

US job openings rise unexpectedly to 8.1 million in November, a sign the labor market is resilient

Associated Press  

WASHINGTON — U.S. job openings rose unexpectedly in November, showing companies are still looking for workers even as the labor market has cooled overall. Openings rose to 8.1 million in November, the most since February and up from 7.8 million in October, the Labor Department reported Tuesday. When the Labor Department releases December hiring numbers on Friday, they’re expected to …

US job data: These are the top hiring sectors as employers add 227,000 jobs in November
1 month ago

US job data: These are the top hiring sectors as employers add 227,000 jobs in November

Hindustan Times  

Amid fears of massive tariffs and inflation, November proved to be a strong month for job creation in the United States. Health Care, Hospitality, and Government: Top performing sectors The biggest job gains came from private education and health services, which added 79,000 positions. Government hiring contributed 33,000 positions, while other sectors also performed well, with manufacturing showing strong job …

November jobs report shows healthy labor market with 227,000 new roles - up dramatically from slow October
1 month ago

November jobs report shows healthy labor market with 227,000 new roles - up dramatically from slow October

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy America's job market rebounded …

US added a strong 227,000 jobs in November in bounce-back from October slowdown
Top News
1 month ago

US added a strong 227,000 jobs in November in bounce-back from October slowdown

Associated Press  

WASHINGTON — America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls. The November employment report provided the latest evidence that the U.S. job market remains durable even though it has lost significant momentum from the 2021-2023 hiring boom, when the …

US hiring rebounds after slump on hurricanes, strike
1 month ago

US hiring rebounds after slump on hurricanes, strike

New Indian Express  

WASHINGTON: The US economy added more jobs than expected last month, government data showed Friday, bouncing back from a dramatic slowdown triggered by hurricanes and labor strikes. While Boussour said she expects job growth to settle "below trend" as the labor market cools gradually, she added that "a labor market downturn isn't on the near-term horizon" with layoffs remaining relatively …

What to expect from Friday’s jobs report: A massive bounce back from October’s dismal total
1 month ago

What to expect from Friday’s jobs report: A massive bounce back from October’s dismal total

CNN  

CNN — In October, the initial estimate for the month’s employment gains was a scant 12,000 jobs. “We had a report last month which I told my readers, ‘Just throw it away.’ The Bureau of Labor Statistics basically said, ‘You know, we really can’t tell you anything about the effect of the hurricanes,’” Dan North, Allianz Trade’s senior economist for …

US job openings rose last month, though hiring slowed, in mixed picture for labor market
1 month ago

US job openings rose last month, though hiring slowed, in mixed picture for labor market

Associated Press  

WASHINGTON — The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled. Last month, job openings rose sharply in professional and business services, a category that includes engineers, managers, and accountants, as well as in the restaurant …

Job openings rose while hiring dropped in October, labor report shows
1 month ago

Job openings rose while hiring dropped in October, labor report shows

Salon  

Job openings and resignations increased substantially in October while the number of hires and layoffs dropped, according to a Tuesday report from the Bureau of Labor Statistics that showed a mixed picture of the U.S. labor market. The increased number of job openings appeared mostly in professional and business services, as well as service and IT industries, jumping by 372,000 …

Employers added only 12,000 jobs in October. That seems bad — but there's a catch
2 months, 1 week ago

Employers added only 12,000 jobs in October. That seems bad — but there's a catch

NPR  

Employers added only 12,000 jobs in October. That seems bad — but there's a catch toggle caption David Ryder/Getty Images North America U.S. employers added a scant 12,000 jobs in October — but the labor market is likely not as weak as that number implies. Overall the labor market likely is cooling but remains fairly resilient despite the weak October …

Stable Job Market Despite Seasonal Fluctuation
2 months, 2 weeks ago

Stable Job Market Despite Seasonal Fluctuation

China Daily  

China's job market remains stable despite fluctuations in the employment rate. The unemployment rate averaged 5.1 percent in the first nine months of the year, with a slight rise in the third quarter due to new college graduates. However, the employment market is in stable condition due to the growing economy and its unchanged demands for labor forces.

U.S. job growth outperforms expectations as hiring resurges and unemployment drops
3 months ago

U.S. job growth outperforms expectations as hiring resurges and unemployment drops

LA Times  

A hiring sign is displayed at a grocery store in Deerfield, Ill. “The report doesn’t single-handedly change the landscape for the economic outlook, but it does provide reassurance that there’s still plenty of life in the jobs market,” said Jim Baird, chief investment officer with Plante Moran Financial Advisors, a major accounting firm based in the Detroit area. The strong …

US Hiring Rebounds Slightly And Unemployment Rate Dips In Sign Of Still-Slowing Job Market
4 months ago

US Hiring Rebounds Slightly And Unemployment Rate Dips In Sign Of Still-Slowing Job Market

Huff Post  

A linesman works on power lines under the morning sun, July 12, 2024, in Phoenix. via Associated Press WASHINGTON — Hiring by America’s employers picked up a bit in August from July’s sluggish pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy. In a …

Americans who have a job are feeling secure. Not so for many who are looking for one
4 months ago

Americans who have a job are feeling secure. Not so for many who are looking for one

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Laid off by the music …

Americans who have a job are feeling secure. Not so for many who are looking for one
4 months ago

Americans who have a job are feeling secure. Not so for many who are looking for one

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “But if you're out of work or you have …

The job market might be more fragile than previously thought
4 months, 2 weeks ago

The job market might be more fragile than previously thought

NPR  

The job market might be more fragile than previously thought NPR’s Ailsa Chang talks to senior economist at Wells Fargo, Sarah House, about the revision in jobs numbers that show the U.S. economy employed 818,000 fewer people that originally reported in March. HOUSE: Yeah, so it is pretty surprising to see that sort of downward revision when the economy is …

U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market
5 months, 1 week ago

U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market

Associated Press  

WASHINGTON — U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face of high interest rates. The number of people quitting their jobs — a decision that reflects confidence in their ability to find higher pay or better working conditions elsewhere — slid to 3.3 million, fewest since November 2020. …

US employers added a solid 206,000 jobs in June in a sign of continued economic strength
6 months ago

US employers added a solid 206,000 jobs in June in a sign of continued economic strength

Associated Press  

WASHINGTON — America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand high interest rates. Just two sectors — government and a category that includes healthcare and social assistance, neither of which captures the economy’s underlying strength — accounted for roughly three-quarters of June’s job growth. Economists …

U.S. employers added a solid 206,000 jobs in June in a sign of continued economic strength
6 months ago

U.S. employers added a solid 206,000 jobs in June in a sign of continued economic strength

LA Times  

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand high interest rates. In addition, just two sectors — government and a category that includes healthcare and social assistance, neither of which captures the economy’s underlying strength — accounted for roughly three-quarters of June’s job growth. Economists …

US job openings rise to 8.1 million despite higher interest rates
6 months ago

US job openings rise to 8.1 million despite higher interest rates

Hindustan Times  

U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates intended to cool the labor market. Vacancies rose from a revised 7.9 million in April, the first reading below 8 million since February 2021, the Labor Department reported Tuesday. The U.S. economy and job market have been remarkably resilient in the face of …

U.S. job openings went up in May despite high interest rates
6 months ago

U.S. job openings went up in May despite high interest rates

Associated Press  

WASHINGTON — U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates intended to cool the labor market. AP AUDIO: US job openings rise to 8.1 million despite higher interest rates AP correspondent Rita Foley reports on job openings in May. The U.S. economy and job market have been remarkably resilient in the …

The number of Americans filing for jobless benefits jumps to the highest level in 10 months
6 months, 3 weeks ago

The number of Americans filing for jobless benefits jumps to the highest level in 10 months

Associated Press  

The number of Americans filing for jobless benefits jumped to the highest level in 10 months last week, a sign that the labor market is likely cooling under the weight of high interest rates. “That would be consistent with a slower pace of hiring and fewer workers leaving their jobs.” Though this week’s number seems relatively high, it’s still within …

US job openings fall to 8.1 million, lowest since 2021, but remain at historically high levels
7 months ago

US job openings fall to 8.1 million, lowest since 2021, but remain at historically high levels

Associated Press  

WASHINGTON — U.S. job openings fell in April to the lowest level since 2021. Monthly job openings have come down steadily a peak of 12.2 million in March 2022 — as the economy’s recovery from COVID-19 lockdowns left companies desperate for workers — but they remain at a high level. Fed policymakers likely welcome lower job openings — a relatively …

US job openings fall to 8.5 million in March, the lowest level in more than 3 years
8 months, 1 week ago

US job openings fall to 8.5 million in March, the lowest level in more than 3 years

Associated Press  

WASHINGTON — U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates. The Labor Department reported Wednesday that employers posted 8.5 million vacancies in March, down from 8.8 million in February and the …

Will the US unemployment rate continue at historic lows?
9 months ago

Will the US unemployment rate continue at historic lows?

Al Jazeera  

US job growth has continued at a steady clip in the months since the COVID-19 pandemic, but experts are looking for warning signs. All eyes will be on Friday’s US unemployment numbers to see how many jobs were added in March and whether the unemployment rate continues to stay in its historically low range or if it is time for …

US job openings rise modestly to 8.8 million in February in strong labor market
9 months ago

US job openings rise modestly to 8.8 million in February in strong labor market

Associated Press  

WASHINGTON — U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong. But the Job Openings and Labor Turnover Survey, or JOLTS, showed that layoffs ticked up to 1.7 million in February from 1.6 million in January, highest since March 2023. “Job openings are still elevated relative to …

The U.S. didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs
11 months, 1 week ago

The U.S. didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs

LA Times  

A worker from Portland General Electric replaces a power line as crews work to restore power after a January storm in Oregon. “Today, we saw more proof, with another month of strong wage gains and employment gains of over 350,000 in January, continuing the strong growth from last year.” Business What rising immigration really means for California’s economy New data …

The U.S. created an extraordinary number of jobs in January. Here's a deeper look
11 months, 1 week ago

The U.S. created an extraordinary number of jobs in January. Here's a deeper look

NPR  

The U.S. created an extraordinary number of jobs in January. The job market has held up remarkably well, despite the Federal Reserve's effort to fight inflation with the highest interest rates in more than two decades. Enlarge this image toggle caption Anna Moneymaker/Getty Images Anna Moneymaker/Getty Images But the sizzling job market could delay a cut in interest rates Powell …

US job openings rose in December, pointing to a still-durable labor market
11 months, 1 week ago

US job openings rose in December, pointing to a still-durable labor market

Associated Press  

WASHINGTON — America’s employers posted 9 million job openings in December, an increase from November and another sign that the U.S. job market remains resilient despite the headwind of higher interest rates. The U.S. economy and job market have remained surprisingly durable despite sharply higher interest rates, which have led to higher borrowing rates for consumers and businesses. Higher rates …

US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength
1 year ago

US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength

Associated Press  

WASHINGTON — The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates. Asked why many Americans remain dissatisfied by the economy, Acting Labor Secretary Julie Su said Friday that “part of the unfortunate reality is we live in polarized times.’’ Many …

US job openings fell slightly in November but remain high by historical standards
1 year ago

US job openings fell slightly in November but remain high by historical standards

Associated Press  

WASHINGTON — America’s employers posted 8.8 million job openings in November, down slightly from October and the fewest since March 2021. Wednesday’s report, called the Jobs Openings and Labor Turnover Summary, reinforced other recent evidence that while the job market is slowing from its robust heights, it remains solid. In the face of rising interest rates, job openings have gradually …

Solid US hiring lowers unemployment rate in latest sign of a still-sturdy job market
1 year, 1 month ago

Solid US hiring lowers unemployment rate in latest sign of a still-sturdy job market

Associated Press  

WASHINGTON — U.S. employers added a healthy 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession. “From my perspective,” Seyedian said, “the economy is still strong, and people still want to spend money.” …

U.S. employers add a solid 199,000 jobs and unemployment falls, signaling a still-sturdy labor market
1 year, 1 month ago

U.S. employers add a solid 199,000 jobs and unemployment falls, signaling a still-sturdy labor market

LA Times  

Mechanic David Stoliaruk works on the engine of a car at IC Auto in Philadelphia on May 2. The nation’s employers added a solid 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession. …

US job openings fall to lowest level since March 2021 as labor market cools
1 year, 1 month ago

US job openings fall to lowest level since March 2021 as labor market cools

Associated Press  

WASHINGTON — U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace. The drop in job openings last month was particularly steep in healthcare and social assistance, where they fell by 236,000; finance, which includes banking, …

The job market slowdown is getting hard to ignore
1 year, 1 month ago

The job market slowdown is getting hard to ignore

Live Mint  

It’s easy to look at the rise in the unemployment rate over the past six months and attribute it to a growing labour force, as Goldman Sachs Group Inc. argued over the weekend, or a normal rebalancing of the economy that will help control inflation, as I suggested last week was one possibility. ​For people who are unemployed or not …

US employers pulled back on hiring in October, adding 150,000 jobs in face of higher borrowing rates
1 year, 2 months ago

US employers pulled back on hiring in October, adding 150,000 jobs in face of higher borrowing rates

Associated Press  

WASHINGTON — The nation’s employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient despite high interest rates that have made borrowing much costlier for companies and consumers. Last month’s job growth, though down sharply from a robust 297,000 gain in September, was solid …

U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market
1 year, 2 months ago

U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market

Associated Press  

WASHINGTON — Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the U.S. job market remains strong even as the U.S. Federal Reserve attempts to cool the economy. Before 2021 — when the American economy began to surge from the COVID-19 pandemic — monthly job openings had never topped 8 million. …

Recession looming as jobs market weakens, says Bank rate-setter
1 year, 2 months ago

Recession looming as jobs market weakens, says Bank rate-setter

The Telegraph  

Ms Dhingra was speaking as economists said official data showing a slowdown in pay growth would fuel hopes the Bank of England has raised rates far enough to weaken the jobs market and ease a key driver behind inflation. Average weekly earnings in the three months to August were up 8.1pc compared with the same period last year, slowing from …

US labor market added 336,000 jobs in September - DOUBLE analysts' predictions - sending markets plunging as investors fear more Fed rate hikes for overheated economy
1 year, 3 months ago

US labor market added 336,000 jobs in September - DOUBLE analysts' predictions - sending markets plunging as investors fear more Fed rate hikes for overheated economy

Daily Mail  

Despite the job gains, wage growth was down and unemployment steady September's labor report showed a sharp uptick in new jobs, heating up the Fed's battle to curb inflation. The US economy added 336,000 jobs last month, nearly twice economists' expectations of 170,000, and the largest jump since January, the U.S. Bureau of Labor Statistics reported. Following Friday's report, markets …

A surge of hiring in September defies predictions, pointing to US job market’s enduring resilience
1 year, 3 months ago

A surge of hiring in September defies predictions, pointing to US job market’s enduring resilience

Associated Press  

WASHINGTON — An unforeseen burst of hiring last month has lifted hopes that the economy will prove durable once again, even as an array of threats lie ahead. Friday’s government report raised hopes for a notoriously difficult “soft landing,” by which the Federal Reserve would manage to curb high inflation with a series of rate hikes without derailing the economy. …

Here’s why the shockingly good jobs report is going to cost you
1 year, 3 months ago

Here’s why the shockingly good jobs report is going to cost you

CNN  

New York CNN — The US economy feels lousy for so many people. So you’d think some really, really, shockingly good news about the job market would give Americans’ spirits a boost. When you see gas prices at $3.75 on average, mortgage rates above 7% and at a 23-year high, food prices going up at the grocery store, and a …

More evidence that the US job market remains hot after US job openings rise unexpectedly in August
1 year, 3 months ago

More evidence that the US job market remains hot after US job openings rise unexpectedly in August

Associated Press  

WASHINGTON — U.S. job openings unexpectedly rose in August, another sign the U.S. labor market remains strong despite higher interest rates — perhaps too strong for the inflation fighters at the Federal Reserve. American employers posted 9.6 million job openings in August, up from 8.9 million in July and the first uptick in three months, the Labor Department said Tuesday. …

US employers added a solid 187,000 jobs in August in sign of a still-resilient labor market
1 year, 4 months ago

US employers added a solid 187,000 jobs in August in sign of a still-resilient labor market

Associated Press  

WASHINGTON — America’s employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed. Last month’s job growth marked an increase from July’s revised gain of 157,000 but still pointed to a moderating pace of hiring compared with the sizzling gains of last year and earlier this …

U.S. employers added a solid 187,000 jobs in August in sign of still-resilient labor market
1 year, 4 months ago

U.S. employers added a solid 187,000 jobs in August in sign of still-resilient labor market

LA Times  

A construction worker wires rebar for a foundation March 17 in Boston. U.S. employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed. Friday’s report from the Labor Department showed that the unemployment rate rose from 3.5% to 3.8%, the highest level since February 2022 though …

Job vacancies, quits plunge in July in stark sign of cooling trend in the US labor market
1 year, 4 months ago

Job vacancies, quits plunge in July in stark sign of cooling trend in the US labor market

Associated Press  

WASHINGTON — Businesses posted far fewer open jobs in July and the number of Americans quitting their jobs fell sharply for the second straight month, clear signs that the labor market is cooling in a way that could reduce inflation. The number of job vacancies dropped to 8.8 million last month, the Labor Department said Tuesday, the fewest since March …

Fewer Americans got jobs in July than expected. But a steady market suggests US may avoid recession
1 year, 5 months ago

Fewer Americans got jobs in July than expected. But a steady market suggests US may avoid recession

Associated Press  

WASHINGTON — The job market has cooled over the summer. And the Fed’s inflation fighters will welcome news that more Americans entered the job market last month, easing pressure on employers to raise wages to attract and keep staff. “These numbers,’' acting Labor Secretary Julie Su said after the jobs report came out, “are inconsistent with recession.’' There’s other evidence …

Hiring slowed in July, but U.S. employers added a still-solid 187,000 jobs
1 year, 5 months ago

Hiring slowed in July, but U.S. employers added a still-solid 187,000 jobs

LA Times  

Jose Viveros delivers beverages in Los Angeles’ Little Tokyo on July 27. U.S. employers added 187,000 jobs last month, fewer than expected, as higher interest rates continued to weigh on the economy. Increasingly, economists are expressing confidence that inflation fighters at the Fed can pull off a rare “soft landing” — raising interest rates just enough to rein in rising …

Job openings fall to lowest level in two years as demand for workers cools
1 year, 5 months ago

Job openings fall to lowest level in two years as demand for workers cools

Associated Press  

WASHINGTON — U.S. employers posted fewer jobs in June, a sign that the red-hot demand for workers that has been a key feature of the post-pandemic economy is cooling a bit. The government’s report also showed that the number of people who quit their jobs in June fell sharply to 3.8 million, from 4.1 million, another sign the job market …

Discover Related