5 key takeaways from the February US jobs report
1 year, 9 months ago

5 key takeaways from the February US jobs report

Associated Press  

WASHINGTON — The American job market has once again confounded expectations. “The labor market may be gradually cooling, but it is still red-hot.’’ MODEST WAGE GAINS Average hourly earnings rose just 0.2% in February, the smallest month-over-month increase in a year. “Annual wage growth remains well above the roughly 3.5% the Fed likely sees as consistent with its 2% inflation target,’’ said Nancy Vanden Houten, lead U.S. economist at Oxford Economics. The proportion of adults who either have a job or are looking for one — the so-called labor force participation rate — rose last month to 62.5%, the highest level since March 2020. Oxford Economics’ Vanden Houten called the uptick “a welcome development from the Fed’s perspective as it looks for a better balance between the supply and demand for labor.’’ The share of prime-age Americans — 25 to 54 years old — in the labor force rose to 83.1%, the first time in three years that it’s cracked the pre-pandemic level of 83% in February 2020.

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History of this topic

November jobs report shows healthy labor market with 227,000 new roles - up dramatically from slow October
2 weeks, 3 days 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
2 weeks, 4 days 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 …

Job growth beats expectations in November, rising by 227,000
Trending News
2 weeks, 4 days ago

Job growth beats expectations in November, rising by 227,000

Salon  

Job growth that stalled in October rebounded the following month as the effects of hurricanes and labor disputes subsided, the Bureau of Labor Statistics reported Friday. Employment rates showed “little or no change over the month in other major industries,” according to the Bureau of Labor Statistics, including the construction, transportation, information, financial professions and business services sectors. “Job creation …

US job openings rose last month, though hiring slowed, in mixed picture for labor market
2 weeks, 6 days 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
3 weeks 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 …

Final jobs report before 2024 election shows lackluster numbers amid hurricanes, strikes
1 month, 3 weeks ago

Final jobs report before 2024 election shows lackluster numbers amid hurricanes, strikes

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “In addition, I want to congratulate the leadership …

This week’s jobs numbers are very good news for Harris and Biden
2 months, 2 weeks ago

This week’s jobs numbers are very good news for Harris and Biden

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The US economy added 254,000 jobs in September, blowing past …

Watch: Fox Business scrambles to put negative spin on blockbuster new jobs report
2 months, 2 weeks ago

Watch: Fox Business scrambles to put negative spin on blockbuster new jobs report

Raw Story  

A panel on Fox Business scrambled on Friday to put a negative spin on a blockbuster new jobs report that showed more than 250,000 jobs were created in September. Even though the new report showed not only strong growth in hiring but also growth in wages significantly outpacing inflation, panelist Joanie Bily nonetheless believed it showed a weak economy if …

JOBS REPORT: U.S. Adds Robust 254,000 Jobs And Unemployment Dips To 4.1%
2 months, 2 weeks ago

JOBS REPORT: U.S. Adds Robust 254,000 Jobs And Unemployment Dips To 4.1%

Huff Post  

LOADING ERROR LOADING WASHINGTON — America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a weakening labor market and suggesting that the pace of hiring is still solid enough to support a growing economy. Payroll employment rises by 254,000 in September; unemployment rate changes little at 4.1% #JobsReport #BLSdata https://t.co/ZwrVfLviqL — BLS-Labor Statistics October 4, 2024 …

"Very good news": Strong September report shows U.S. added 254k jobs
2 months, 2 weeks ago

"Very good news": Strong September report shows U.S. added 254k jobs

Salon  

The U.S. added 254,000 jobs in September, demonstrating strong economic vitals just 31 days before the election. Former President Donald Trump has hit Kamala Harris hard on economic issues in recent speeches, claiming that she would usher in the worst recession since the Great Depression. “The past two days, we’ve gotten some very good news about the American economy,” President …

US Jobs data: Payroll gains miss expectations at a disappointing 142,000
3 months, 2 weeks ago

US Jobs data: Payroll gains miss expectations at a disappointing 142,000

Hindustan Times  

August payrolls expanded by 142,000, weaker than expected. US job gains for the past twelve months ending in March showed there were 818,000 fewer jobs than previously reported in the largest downward revision since 2009. It’s not disaster, but it’s below expectations on the headline, and what really bothers me is the revisions,” said Dan North, senior economist for North …

Jobs report will help Federal Reserve decide how much to cut interest rates
3 months, 2 weeks ago

Jobs report will help Federal Reserve decide how much to cut interest rates

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. If it shows that hiring was weak in August …

US sharply lowers number of jobs added in year ending in March
4 months ago

US sharply lowers number of jobs added in year ending in March

Al Jazeera  

Economists are divided on the extent of the rate cuts that the US Federal Reserve should undertake this year in light of the latest employment data. The revised total adds to evidence that the job market has been steadily slowing and likely reinforces the US Federal Reserve’s plan to start cutting interest rates soon. The downgraded estimate follows a jobs …

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

Another month of robust US job growth points to continued economic strength
8 months, 2 weeks ago

Another month of robust US job growth points to continued economic strength

Associated Press  

WASHINGTON — America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates. Last month’s job growth was up from a revised 270,000 in February and was far above the 200,000 jobs that …

US job openings rise modestly to 8.8 million in February in strong labor market
8 months, 3 weeks 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 US didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs
10 months, 3 weeks ago

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

Associated Press  

WASHINGTON — The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy’s continuing ability to shrug off the highest interest rates in two decades. ‘’ This week, the Fed took note of the economy’s durability, with Chair Jerome Powell saying “the economy is performing well, the …

The U.S. didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs
10 months, 3 weeks 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 …

US job openings rose in December, pointing to a still-durable labor market
10 months, 3 weeks 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
11 months, 2 weeks 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
11 months, 2 weeks 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 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.” …

US employers tighten hands adding 1,50,000 jobs in October
1 year, 1 month ago

US employers tighten hands adding 1,50,000 jobs in October

Live Mint  

As the United States economy struggles with the high inflation and subsequent measures by the Federal Reserve, job growth has witnessed a sharp decline with 1,50,000 hirings in October. The number still looks decent but is considerably less when compared to September when the job growth stood robust at 2,97,000. The math looks far better when seen with a yearly …

US employers pulled back on hiring in October, adding 150,000 jobs in face of higher borrowing rates
1 year, 1 month 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, 1 month 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. …

U.S. employers added 336,000 jobs in September in a sign of economic resilience
1 year, 2 months ago

U.S. employers added 336,000 jobs in September in a sign of economic resilience

LA Times  

A FedEx driver makes deliveries in Palatine, Ill. Friday’s report from the Labor Department showed that the unemployment rate was unchanged at 3.8%, not far above a half-century low. The nation’s employers added 336,000 jobs in September, an unexpectedly robust gain that suggests that many companies remain confident enough to keep hiring despite high interest rates and a hazy outlook …

Job vacancies, quits plunge in July in stark sign of cooling trend in the US labor market
1 year, 3 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 …

Hiring slowed in July, but U.S. employers added a still-solid 187,000 jobs
1 year, 4 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 …

The US was just downgraded, but the jobs report will likely be strong
1 year, 4 months ago

The US was just downgraded, but the jobs report will likely be strong

CNN  

Minneapolis CNN — Despite Tuesday’s credit rating downgrade amid concerns about the challenges facing the United States, markets and economists are expecting another solid jobs report on Friday. “Usually, fiscal policy affects the labor market fairly slowly, but political crises have the potential to have a more immediate impact and if there’s a government shutdown or similar crisis in the …

Job openings fall to lowest level in two years as demand for workers cools
1 year, 4 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 …

The number of available jobs in the US just fell to its lowest level in more than two years
1 year, 4 months ago

The number of available jobs in the US just fell to its lowest level in more than two years

CNN  

Minneapolis CNN — Bit by bit, the US labor market is settling down from the rolling boil of the past three years: The number of job openings dipped to its lowest point in more than two years, according to data from the Bureau of Labor Statistics released on Tuesday. “Both a recession and a soft landing look like this.” The …

The US labor market cooled off in June, adding just 209,000 jobs
1 year, 5 months ago

The US labor market cooled off in June, adding just 209,000 jobs

CNN  

Minneapolis CNN — The US job market cooled back down in June, adding just 209,000 jobs, and fueling optimism that the economy is on course to nail that elusive soft landing of lowering inflation without triggering a recession. The June job gains, released Friday by the Bureau of Labor Statistics, were nearly 100,000 positions below May’s stronger-than-expected showing of 306,000 …

U.S. job openings dip to 9.8 million but remain high, showing resilience in labor market
1 year, 5 months ago

U.S. job openings dip to 9.8 million but remain high, showing resilience in labor market

Associated Press  

WASHINGTON — U.S. job openings slipped in May but remained at levels high enough to illustrate that the American labor market remains resilient in the face of sharply higher interest rates. Employers posted 9.8 million job vacancies, down from 10.3 million in April, the Labor Department said Thursday. The Labor Department’s Job Openings and Labor Turnover Survey, “continues to reflect …

US job openings hit 10.1 million and labor market still strong despite Fed efforts to cool economy
1 year, 6 months ago

US job openings hit 10.1 million and labor market still strong despite Fed efforts to cool economy

Associated Press  

WASHINGTON — U.S. job openings rose unexpectedly in April, illustrating the resilience of the American labor market and complicating Federal Reserve efforts to fight inflation. Employers posted 10.1 million job openings last month, up from 9.7 million in March and the most since January, the Labor Department said Wednesday. Layoffs fell, but the number of people quitting their jobs — …

US job openings dip to 9.6 million, lowest since 2021
1 year, 7 months ago

US job openings dip to 9.6 million, lowest since 2021

Associated Press  

WASHINGTON — U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates. The Labor Department’s Job Openings and Labor Turnover Summary, out Tuesday, showed that layoffs rose to 1.8 million, the highest level since December 2020. The number of Americans …

Feb job openings slip to 9.9M; a win in inflation fight?
1 year, 8 months ago

Feb job openings slip to 9.9M; a win in inflation fight?

Associated Press  

WASHINGTON — U.S. job openings slipped to 9.9 million in February, fewest since May 2021 and a sign that the job market may be starting to cool, which would be welcome news for the inflation fighters at the Federal Reserve. Until 2021, monthly job openings never surpassed 10 million in the Labor Department’s Job monthly Openings and Labor Turnover Survey. …

Another US hiring surge: 311,000 jobs despite Fed rate hikes
1 year, 9 months ago

Another US hiring surge: 311,000 jobs despite Fed rate hikes

Associated Press  

WASHINGTON — America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation. The Fed’s decision will rest, in part, on its assessment of Friday’s jobs data and next week’s report on consumer inflation in February. “Just in the past …

US adds 311,000 jobs in February, unemployment at 3.6 percent
1 year, 9 months ago

US adds 311,000 jobs in February, unemployment at 3.6 percent

Al Jazeera  

The US economy added jobs at a solid clip in February, likely ensuring that the Federal Reserve will raise interest rates for longer, though wage inflation showed signs of cooling. Nonfarm payrolls increased by 311,000 jobs last month, the labour department’s closely watched employment report showed on Friday. Data this week showed there were 1.9 job openings for every unemployed …

January US job openings dip, but still high at 10.8 million
1 year, 9 months ago

January US job openings dip, but still high at 10.8 million

Associated Press  

WASHINGTON — U.S. employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for the inflation fighters at the Federal Reserve. “The JOLTS report showed only a slight slowing in the robust labor market, keeping opportunities plentiful for workers looking for better, higher paying jobs,’ said Robert Frick, economist at Navy Federal …

Layoffs revised up in January but US labour market still strong
1 year, 9 months ago

Layoffs revised up in January but US labour market still strong

Al Jazeera  

Even as layoffs rose in January and job cuts were higher than initially thought in 2022, job market remains strong with 1.9 opening per every unemployed worker. US job openings fell less than expected in January and data for the prior month was revised higher, pointing to persistently tight labour market conditions that likely will keep the Federal Reserve on …

Job market still hot, December openings rise to 11 million
1 year, 10 months ago

Job market still hot, December openings rise to 11 million

Associated Press  

WASHINGTON — U.S. job openings rose to 11 million in December, delivering a setback to the Federal Reserve’s effort to cool a hot job market. For 18 straight months, employers have posted at least 10 million openings — a level never reached before 2021 in Labor Department data going back to 2000. Employers created 375,000 jobs a month in 2022 …

The U.S. job market is still healthy, but it's slowing down as recession fears mount
1 year, 11 months ago

The U.S. job market is still healthy, but it's slowing down as recession fears mount

NPR  

The U.S. job market is still healthy, but it's slowing down as recession fears mount Enlarge this image toggle caption Anna Moneymaker/Getty Images Anna Moneymaker/Getty Images The U.S. job market closed out 2022 on a high note. Employers added 223,000 jobs in December, capping a year in which the economy added 4.5 million jobs, more than refilling the deep hole …

US firms add 235,000 jobs, more than forecast
1 year, 11 months ago

US firms add 235,000 jobs, more than forecast

Live Mint  

US companies added more jobs than expected in December, driven by small- and medium-sized businesses, and highlighting the resilience of labor demand that’s underpinning wage growth. Private payrolls increased 235,000 last month after an upwardly revised 182,000 in November, according to data from ADP Research Institute in collaboration with Stanford Digital Economy Lab. The largest companies cut 151,000 workers from …

U.S. added 223,000 jobs in December, capping off strong 2022
2 years ago

U.S. added 223,000 jobs in December, capping off strong 2022

CBS News  

U.S. added 223,000 jobs in December Labor Department says U.S. added 223,000 jobs in December 05:21 The red-hot job market capped off 2022 on a high note, with employers adding 223,000 jobs in December, the Labor Department reported Friday. "It's hard to imagine a jobs report in better balance," said Robert Frick, corporate economist with Navy Federal Credit Union, in …

Job openings hit 10.7M despite Fed attempts to cool economy
2 years, 1 month ago

Job openings hit 10.7M despite Fed attempts to cool economy

Associated Press  

WASHINGTON — U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the inflation fighters at the Federal Reserve hoped. In another sign the labor market remains tight and employers unwilling to let workers go, layoffs dropped in September to 1.3 million, fewest since April. “Job openings still vastly outnumber unemployed …

US hiring stayed solid in September as employers add 263,000 jobs
2 years, 2 months ago

US hiring stayed solid in September as employers add 263,000 jobs

Al Jazeera  

The US central bank is trying to restrain the economy enough to fight the worst inflation in decades without causing a recession. Unioted States employers slowed their hiring in September but still added a solid 263,000 jobs, a dose of encouraging news that may mean the US Federal Reserve’s drive to cool the job market and ease inflation is starting …

EXPLAINER: 5 key takeaways from the August jobs report
2 years, 3 months ago

EXPLAINER: 5 key takeaways from the August jobs report

Associated Press  

WASHINGTON — The nation’s job market last month delivered what the Federal Reserve and nervous investors had been hoping for: A Goldilocks-style hiring report. And their share of the population — the so-called labor force participation rate — rose to 62.4% last month, its highest level since March. “The labor participation rate went up, and I would love to see …

‘What recession?': US employers add 528,000 jobs in July
2 years, 4 months ago

‘What recession?': US employers add 528,000 jobs in July

Associated Press  

WASHINGTON — U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good news heading into the midterm elections. “The U.S. economy is creating new jobs at an annual rate of 6 million — that’s three times faster than what we normally …

As recession fears grow, strong US hiring is likely slowing
2 years, 4 months ago

As recession fears grow, strong US hiring is likely slowing

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. “Overall conditions aren’t nearly as strong as what we …

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