Even with the job growth in June, the softening in the manufacturing job market has continued since November as the sector adapts to the slowdown in overall manufacturing activity. … READ MORE >
jobs report
Tech employment levels off; layoffs may be shifting toward middle market
Tech employment fluctuations have calmed over the past few months as layoff announcements from large public technology companies slow. … READ MORE >
June jobs preview: Low unemployment shows a rapidly evolving labor market
We expect this strength to continue when the June employment report is released next Friday. Our provisional forecast implies a net gain of 225,000 jobs and an unemployment rate of 3.7%. … READ MORE >
Economy added 339,000 jobs in blowout May employment report
The unemployment rate increased to 3.7% as workers rejoined the labor force. … READ MORE >
AI advancements may be easing impact of tech sector layoffs
Two focus areas in the technology sector so far this year—advancements in generative artificial intelligence and industry layoffs—may be offsetting each other when it comes to their net impact on the tech workforce. … READ MORE >
Canada jobs report tops forecasts, showing resilience amid recession fears
Canada’s March job report came out hotter than expected, adding more pressure on the Bank of Canada’s fight against inflation. … READ MORE >
U.S. manufacturing payrolls negative for first time in 21 months
The negative figure wasn’t unexpected; the soft manufacturing labor data is simply catching up to the slowdown in activity. … READ MORE >
U.S. job creation remains robust, implying more aggressive rate hikes
February showed a 311,000 net change in total employment amid a 3.6% unemployment rate and 4.6% increase in average hourly earnings on a year-ago basis. … READ MORE >
New jobless claims fall again amid strong labor market
New claims dropped by 2,000 to 190,000 for the week ending Feb. 24, lower than the pre-pandemic average at 218,000, according to Labor Department data released on Thursday. … READ MORE >
Blowout January jobs report likely exaggerates hiring
Seasonal noise always presents problems when estimating the January jobs picture at the Bureau of Labor Statistics, and the first employment estimate of the year serves as a useful reminder not to overinterpret one report. The blowout 517,000-job increase in total employment for January, reported by the Labor Department … … READ MORE >