Job creation topped expectations in February, but the unemployment rate moved higher and employment growth from the previous two months wasn’t nearly as hot as initially reported. Nonfarm payrolls increased by 275,000 for the month while the jobless rate moved higher to 3.9%, the Labor Department’s Bureau of Labor Statistics reported Friday. Economists surveyed by … Read more
The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than expected, the Labor Department reported Friday. December’s jobs report showed employers added 216,000 positions for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000. … Read more
A now hiring sign is posted in front of a U-Haul rental center on November 03, 2023 in San Rafael, California. Justin Sullivan | Getty Images When the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet spot between not so robust as to trigger more … Read more
A worker at a restaurant at Grand Central Market in Los Angeles, California, US, on Thursday, Nov. 2, 2023. Eric Thayer | Bloomberg | Getty Images Hiring in the private sector rose at a faster than expected pace in December, closing out a strong 2023 for the resilient U.S. jobs market, ADP reported Thursday. Private … Read more
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images November’s solid jobs report did not assure that the economy will come in for a soft landing, but it did help to clear the runway a little more. After all, there’s nothing … Read more
Job creation showed little signs of a letup in November, as payrolls grew even faster than expected and the unemployment rate fell despite signs of a weakening economy. Nonfarm payrolls rose by a seasonally adjusted 199,000 for the month, slightly better than the 190,000 Dow Jones estimate and ahead of the unrevised October gain of … Read more
Amazon workers deliver packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images At a time when the economy is supposed to be slowing, Friday’s jobs report is expected to show that employers actually picked up the hiring pace in November. Not that there’s anything … Read more
Workers at a restaurant at Grand Central Market in Los Angeles, California, US, on Thursday, Nov. 2, 2023. Eric Thayer | Bloomberg | Getty Images Job openings tumbled in October to their lowest in 2½ years, a sign that the historically tight labor market could be loosening. Employment openings totaled 8.73 million for the month, … Read more
The U.S. economy saw job creation decelerate in October, confirming persistent expectations for a slowdown and possibly taking some heat off the Federal Reserve in its fight against inflation. Nonfarm payrolls increased by 150,000 for the month, the Labor Department reported Friday, against the Dow Jones consensus forecast for an increase of 170,000. The United … Read more
Miami Seashore, Florida, Normandy Isle, 7ty One Venezuelan restaurant, inside with prospects eating and wait workers cleansing up. Jeff Greenberg | Common Photos Group | Getty Photos Friday’s jobs report may present a vital piece to the more and more difficult puzzle that’s the U.S. financial system and its long-anticipated slide into recession. Wall Avenue … Read more