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 workers, the quits rate remains elevated and layoffs are still well below pre-pandemic levels.’' To combat higher prices, the Federal Reserve has hiked its benchmark interest rate five times this year and is expected to deliver another increase Wednesday and again at its meeting in December. Fed Chair Jerome Powell has expressed hope that inflationary pressure can be relieved by employers cutting job openings, not jobs.

Fed Job Openings  despite  attempts  workers  economy  job  openings  million  market  fed  inflation  employers  hit  107m  jobs  reserve  labor  cool

History of this topic

US job data: These are the top hiring sectors as employers add 227,000 jobs in November
2 weeks, 4 days 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
2 weeks, 4 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 …

US hiring rebounds after slump on hurricanes, strike
2 weeks, 5 days 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 …

Job growth beats expectations in November, rising by 227,000
Trending News
2 weeks, 5 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 …

What to expect from Friday’s jobs report: A massive bounce back from October’s dismal total
2 weeks, 6 days 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
3 weeks 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, 1 day 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
1 month, 3 weeks 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 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.

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 …

U.S. job growth outperforms expectations as hiring resurges and unemployment drops
2 months, 3 weeks 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 …

"Very good news": Strong September report shows U.S. added 254k jobs
2 months, 3 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 …

US Hiring Rebounds Slightly And Unemployment Rate Dips In Sign Of Still-Slowing Job Market
3 months, 2 weeks 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 …

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 …

U.S. job growth improved in August, but hiring trend is slowing. What will the Fed do?
3 months, 2 weeks ago

U.S. job growth improved in August, but hiring trend is slowing. What will the Fed do?

LA Times  

Job growth picked up in August from the sluggish pace of hiring the previous month, providing a bit of relief after a sharp slowdown earlier in the summer roiled financial markets, sparked fears of a recession and threatened to disrupt the momentum Vice President Kamala Harris and her campaign had built up. August job numbers for individual states won’t be …

Americans who have a job are feeling secure. Not so for many who are looking for one
3 months, 2 weeks 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 …

US jobs data return to centre stage as Federal Reserve mulls rate-cut size
3 months, 3 weeks ago

US jobs data return to centre stage as Federal Reserve mulls rate-cut size

Hindustan Times  

With the Federal Reserve set to begin cutting interest rates in a few weeks, the main question now is how big the first reduction will be. US Federal Reserve Chairman Jerome Powell made it clear in an Aug. 23 speech that the central bank is now more concerned about risks to the labor market than inflation. “The jobs report is …

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 …

The job market might be more fragile than previously thought
4 months 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 …

With 114,000 new jobs in July, hiring slows down in US. Unemployment rate at 4.3%
4 months, 3 weeks ago

With 114,000 new jobs in July, hiring slows down in US. Unemployment rate at 4.3%

Firstpost  

US hiring slowed sharply in July, adding only 114,000 jobs well below the forecasted 175,000, causing the unemployment rate to rise to 4.3%, the highest since October 2021. The unemployment rate unexpectedly surged to 4.3%, its highest level since October 2021, contrary to expectations of it remaining steady at 4.1%. Many economists believe that today’s rising unemployment rates reveal an …

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears
4 months, 3 weeks ago

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

Associated Press  

WASHINGTON — The U.S. economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight month with raised interest rates taking a toll on businesses and households. The unemployment rate’s jump to 4.3% in July crossed a tripwire that historically has signaled recession — though economists say the gauge probably is …

U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market
4 months, 3 weeks 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 labour market generates 206,000 jobs in June, unemployment rate increases to 4.1%
5 months, 2 weeks ago

US labour market generates 206,000 jobs in June, unemployment rate increases to 4.1%

Hindustan Times  

The United States added 206,000 jobs in June, which was less than the previous month but still more than predicted. The US unemployment rate increased slightly from 4% to 4.1 percent, according to the Bureau of Labor Statistics' report released on Friday. According to the Bureau of Labor Statistics' report released on Friday, the US unemployment rate increased slightly from …

US employers added a solid 206,000 jobs in June in a sign of continued economic strength
5 months, 2 weeks 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
5 months, 2 weeks 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
5 months, 3 weeks 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
5 months, 3 weeks 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 …

US job openings fall to 8.1 million, lowest since 2021, but remain at historically high levels
6 months, 2 weeks 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 employers scaled back hiring in April. How that could let the Fed cut interest rates
7 months, 3 weeks ago

US employers scaled back hiring in April. How that could let the Fed cut interest rates

Associated Press  

WASHINGTON — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market. Even with the April hiring slowdown, last month’s job growth amounted to a solid increase, though it was the lowest monthly gain since …

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 …

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 …

Job vacancies tumble as interest rates bite
9 months, 4 weeks ago

Job vacancies tumble as interest rates bite

The Telegraph  

Job vacancies have tumbled nearly 15pc as businesses struggle to hire in the face of high borrowing costs and while the UK battles a recession. Vacancies in January fell below 900,000 for the first time since April 2021, according to data from the jobs search engine Adzuna, a drop of 15pc from a year earlier. The downturn will fuel hopes …

Pay rising too fast for interest rate cut, economists warn
10 months, 1 week ago

Pay rising too fast for interest rate cut, economists warn

The Telegraph  

The number of people kept out of the jobs market by long-term sickness remains near an all-time high, ONS figures showed. One person in every 15 of working age – 6.6pc, equivalent to 2.8 million people – said ill health kept them from working or from looking for a job in the final quarter of 2023. Government must do more …

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. created an extraordinary number of jobs in January. Here's a deeper look
10 months, 3 weeks 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 …

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 …

Five Things You Need to Know to Start Your Day: Americas
10 months, 3 weeks ago

Five Things You Need to Know to Start Your Day: Americas

Bloomberg  

It’s payrolls day and the debate is whether the US jobs market is as strong as Powell says. ADP Chief Economist Nela Richardson explains in this video the three things she is watching for in today’s release. Bloomberg Economics sees the unemployment rate edging up to 3.8%, from 3.7% in December, and says the numbers will show a slower pace …

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 …

U.S. employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength
11 months, 2 weeks ago

U.S. employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength

LA Times  

The nation’s labor market is still cranking out enough jobs to keep the unemployment rate near historic lows. The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American job market remains resilient even in the face of sharply higher interest rates. The Fed is satisfied enough with the progress so far that it hasn’t …

US job openings fell slightly in November but remain high by historical standards
11 months, 3 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 …

Weekly US unemployment claims rise slightly but job market remains strong as inflation eases
1 year ago

Weekly US unemployment claims rise slightly but job market remains strong as inflation eases

Associated Press  

WASHINGTON — The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates intended to slow hiring and cool the economy. The Federal Reserve began raising interest rates last year to combat the inflation that surged as the result of an unexpectedly strong economic rebound from the COVID-19 …

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 added a solid 199,000 jobs in November in sign of a still-sturdy labor market
1 year ago

US employers added a solid 199,000 jobs in November in sign of a still-sturdy labor market

Politico  

Still, the job market is gradually decelerating along the lines that Fed officials have wanted to see. The Fed has raised its key short-term rate from near zero to about 5.4%, a 22-year peak, leading to higher borrowing rates for consumers and businesses and lower inflation. When the Fed meets next week, it is considered sure to keep its benchmark …

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

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