America’s job market crumbled in 2020. Here’s what to expect for the New Year
4 years ago

America’s job market crumbled in 2020. Here’s what to expect for the New Year

CNN  

New York CNN Business — The US labor market is at a pivotal point 10 months into the pandemic: Millions of people remain unemployed while infections keep rising, and the fledgling jobs recovery has stalled out. Over the summer, the job market recovery looked decent, steadily chipping away at the more than 22 million jobs lost during the pandemic. “The timing of the vaccine rollout is the main factor affecting the speed of the labor market recovery,” said Cailin Birch, global economist at The Economist Intelligence Unit, in emailed comments. “Stimulating the economy to create jobs is crucial,” said Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute, “both to the 26.1 million workers who are being directly harmed by the recession because they are either out of work or have had their hours and pay cut, and to the millions more who saw their bargaining power disappear as the recession took hold.” These 26 million include the officially unemployed, those who dropped out of the work force, unemployed but misclassified workers and the still-employed whose hours and wages have been cut.

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US applications for jobless claims fall to 201,000, lowest level in nearly a year
Trending News
18 hours, 5 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 …

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 …

US jobs market to be hit with massive layoffs in 2025 amid HMPV virus fears? Experts warn ‘not everyone will have….’
2 days, 21 hours ago

US jobs market to be hit with massive layoffs in 2025 amid HMPV virus fears? Experts warn ‘not everyone will have….’

Hindustan Times  

While the US economy recovers from the shock of the coronavirus pandemic, experts have warned that not everyone will have job security in 2025. US jobs: Workers in a variety of industries received more blows in the closing months of 2024, with several layoff declarations for 2025. Amazon, Boeing and Spirit Airlines announce job layoffs Workers in a variety of …

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 …

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 …

Final jobs report before 2024 election shows lackluster numbers amid hurricanes, strikes
2 months, 1 week 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
3 months 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 …

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 …

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 …

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 …

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

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 …

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 …

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.” …

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 …

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. …

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. …

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. …

Biden slams Trump on economic record, unemployment in Pennsylvania speech
1 year, 4 months ago

Biden slams Trump on economic record, unemployment in Pennsylvania speech

India Today  

US President Joe Biden on Monday took shots at his likely 2024 rival, Donald Trump, in a Labour Day speech aimed at shoring up support in Pennsylvania, a state he needs to win next year to retain the White House. A self-described champion of labour unions, Biden addressed union workers in Philadelphia as he sought to explain his economic policies …

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 …

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 …

The number of available jobs in the US just fell to its lowest level in more than two years
1 year, 5 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, 6 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, 6 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 …

Amazingly, the U.S. job market continues to roar. Here are the 5 things to know
1 year, 7 months ago

Amazingly, the U.S. job market continues to roar. Here are the 5 things to know

NPR  

Amazingly, the U.S. job market continues to roar. The latest employment report from the Labor Department showed the country's job market remained red hot, with 339,000 jobs added in May. In addition to last month's big number, job growth for March and April – which were already pretty solid – were revised even higher, by a total of 93,000 jobs. …

US job openings hit 10.1 million and labor market still strong despite Fed efforts to cool economy
1 year, 7 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 — …

April hiring gains reflect a still-resilient US job market
1 year, 8 months ago

April hiring gains reflect a still-resilient US job market

Associated Press  

WASHINGTON — America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. The job market has remained durable despite the Fed’s aggressive campaign of interest rate hikes over the past year to fight inflation. Looked …

April hiring gains reflect a still-resilient U.S. job market
1 year, 8 months ago

April hiring gains reflect a still-resilient U.S. job market

LA Times  

Construction workers install roofing on a high-rise in Manhattan’s financial district. America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. The job market has remained durable despite the Fed’s aggressive campaign of interest rate …

Feb job openings slip to 9.9M; a win in inflation fight?
1 year, 9 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. …

January US job openings dip, but still high at 10.8 million
1 year, 10 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 …

An unexpected job surge confounds the Fed’s economic models
1 year, 11 months ago

An unexpected job surge confounds the Fed’s economic models

Associated Press  

WASHINGTON — Does the Federal Reserve have it wrong? “Like $20 bills on the sidewalk and free lunches, falling inflation paired with falling unemployment is the stuff of economics fiction.” In economic models used by the Fed and most mainstream economists, a job market with strong hiring and a low unemployment rate typically fuels higher inflation. Chair Jerome Powell has …

A surprising burst of US hiring in January: 517,000 jobs
1 year, 11 months ago

A surprising burst of US hiring in January: 517,000 jobs

Associated Press  

WASHINGTON — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades. Still, the Fed’s inflation watchers might be reassured somewhat by January’s wage data: Average hourly pay rose 4.4% last month from a year earlier, slower than the 4.8% year-over-year …

Could the worker shortage be getting worse?
1 year, 11 months ago

Could the worker shortage be getting worse?

Live Mint  

Sometimes it seems like everybody on Wall Street is explaining why the economy is going south and the job market will soon follow. NFIB Chief Economist William Dunkelberg reports: Forty-five percent of all owners reported job openings they could not fill in the current period, up 4 points from December. The share of owners with unfilled job openings far exceeds …

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

Even as US job growth was solid in December, signs of cooling
2 years ago

Even as US job growth was solid in December, signs of cooling

Al Jazeera  

Hiring in December was smallest in two years, and it extended a hiring slowdown for most of 2022, aiding inflation fight. All told, the December jobs report suggested that the labour market may be cooling in a way that could aid the Fed’s fight against high inflation. Average hourly wage growth was up 4.6 percent in December from 12 months …

Biden sees economy avoiding recession, but risks remain
2 years, 1 month ago

Biden sees economy avoiding recession, but risks remain

Associated Press  

WASHINGTON — President Joe Biden assured Americans on Friday that the U.S. economy is chugging along in the holiday season, but the very strength of a new jobs report showed that high inflation remains a recession threat. “I’ve supported paid sick leave for a long time,” said the president, a staunch labor union supporter. “I’m going to continue that fight …

A job-market riddle for the recession
2 years, 1 month ago

A job-market riddle for the recession

Live Mint  

The global economy is stuttering, and some of the world’s biggest names are already laying off thousands of employees. “I think there’s a much bigger conversation about the labor market and jobs and how we attract people back into work." Central bank Governor Adrian Orr said the shortage of workers means it’s all about “labor labor labor." Without measures such …

Job openings hit 10.7M despite Fed attempts to cool economy
2 years, 2 months 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 …

U.S. Hiring Stayed Solid In September As Employers Add 263,000 Jobs
2 years, 3 months ago

U.S. Hiring Stayed Solid In September As Employers Add 263,000 Jobs

Huff Post  

LOADING ERROR LOADING WASHINGTON — America’s employers slowed their hiring in September but still added a solid 263,000 jobs — potentially hopeful news that may mean the Federal Reserve’s drive to cool the job market and ease inflation is starting to make progress. September’s slightly more moderate pace of hiring may be welcomed by the Fed, which is trying to …

Fewer Americans claim jobless benefits last week
2 years, 4 months ago

Fewer Americans claim jobless benefits last week

Associated Press  

NEW YORK — Fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy. Applications for jobless aid for the week ending Aug. 20 fell by 2,000 to 243,000, the Labor Department reported Thursday. The number of Americans collecting traditional unemployment benefits fell by 19,000 …

‘What recession?': US employers add 528,000 jobs in July
2 years, 5 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 …

The unemployment rate fell to 3.5%, matching its lowest level in the last 50 years
2 years, 5 months ago

The unemployment rate fell to 3.5%, matching its lowest level in the last 50 years

NPR  

The unemployment rate fell to 3.5%, matching its lowest level in the last 50 years U.S. employers added more than half a million jobs in July: more than twice as many as forecasters had expected. We are getting some mixed signals in the economic data, but Daniel Zhao, who's with the job search website Glassdoor, says the job market just …

Softer demand? US job openings fall in June to 9-month low
2 years, 5 months ago

Softer demand? US job openings fall in June to 9-month low

Al Jazeera  

Job openings in the United States fell by 605,000 to 10.7 million in June, a larger decline than expected. US job vacancies fell in June to their lowest level in nine months, suggesting that labour market tightness may be loosening up a bit amid mounting economic challenges. The Job Openings and Labor Turnover Survey, or JOLTS, released by the US …

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