Sustained strength in wages continues to attract workers back into the American labor force which resulted in a net increase of 428,000 in April. … READ MORE >
Bureau of Labor Statistics
Robust job openings data might accelerate Fed’s rate hikes
Job openings in February came in blazing hot again at 11.3 million, which translated into 1.8 jobs available per unemployed worker, the Bureau of Labor Statistics reported on Tuesday. … READ MORE >
U.S. January jobs report shows strong gains and significant upward revisions
The net increase of 467,000 in total employment on the back of a significant upward revision to the December estimate, from a gain of 199,000 to 510,000, affirms what the household survey has implied for the past two months: The U.S. economy is quickly approaching full employment. … READ MORE >
Chart of the day: Job openings rise to second highest on record as quit rate slowed
Job openings, a proxy for labor demand, reached 11.03 million, exceeding 11 million for the second time on record, slightly lower than the all-time high set in July. … READ MORE >
U.S. jobs report preview: Expect a gain of 475,000 in October
When the October U.S. employment report is released on Friday, a central area of focus will be on the potential return of women in their prime working years to the labor force. … READ MORE >
Jobs report preview: Education and service hiring to drive gains in July
We expect a net increase in total employment of 950,000 and a decline to 5.7% in the unemployment rate when the Bureau of Labor Statistics releases its jobs report on Friday. … READ MORE >
CHART OF THE DAY: April JOLTS data shows tightening in the labor market, but it’s nothing new
The federal government’s job openings and labor turnover data for April, also known as JOLTS, implies that while the labor market has tightened, this is nothing new. … READ MORE >
CHART OF THE DAY: Job openings rose in the first quarter
The number of job openings and those who quit their jobs increased in the first three months of the year, pointing to a healthy demand for labor despite the subsequent disappointing jobs report for April, according to government data released on Tuesday. … READ MORE >
Labor market update: Signs of normalization as long-term challenges persist
The labor market is showing signs of optimism that might best be described as hedging its bets—confident that the vaccination program will eventually allow the reemergence of the normal workplace, but recognizing that it may not take just a snap of the fingers to get there. … READ MORE >
CHART OF THE DAY: U.S. job openings improve
Workers are growing more confident in their ability to find a job, according to the most recent Job Openings and Labor Turnover Survey, or JOLTS, from the Bureau of Labor Statistics. There were 5.1 million separations from employment on the back of 6.65 million job openings during October, according to the survey. … READ MORE >