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 >
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Manufacturing labor market tightens further as pace of hiring slows
The United States added 8,000 manufacturing jobs in December, making for a total of 379,000 new manufacturing jobs added in 2022, according to the Bureau of Labor and Statistics. This marks a 3% rise in new manufacturing jobs compared to 2021 but the hiring pace in the last few months is slowing. … READ MORE >
What’s behind the slowdown in construction hiring?
The October jobs report would seem to represent a peak in the construction industry as builders added only 1,000 jobs. But is more at play? … READ MORE >
October data: Manufacturing jobs show little sign of slowing, but openings still elevated
After three months of softening manufacturing payroll data, hiring continued and experienced an uptick in October, according to Bureau of Labor Statistics data released Friday. … READ MORE >
U.S. October jobs report: Strong growth as labor market remains tight
Total employment increased by 261,000 jobs in October, which brought the total gain in employment this year to 4 million positions. … READ MORE >
Positive manufacturing jobs data masks broader issue of tech investment
The shortage can only be filled in the future through incorporating more technology alongside workers and replacing hard-to-fill positions that involve repetitive work. … READ MORE >
U.S. jobs report: Hiring slows as another 75-basis-point rate increase looms
The U.S. economy is proving far more resilient in the face of sustained pricing pressures than otherwise thought a short time ago. … READ MORE >
U.S. July employment report: A recession is not yet at hand
Economies in recession do not produce 528,000 jobs in a given month and have 3.5% unemployment rates. Since January, total employment has increased by 3.3 million jobs and the unemployment rate has declined from 4% to 3.5%. With such a robust labor market, claims that the economy is in recession … … READ MORE >
U.S. employment report for June indicates no recession now
An American economy in free fall does not tend to produce 372,000 jobs in any given month, as the June employment report showed on Friday. The data released by the Labor Department strongly implied that the economy is not in recession. … READ MORE >
U.S. June jobs preview: Slower hiring in rate-sensitive industries
We expect the June U.S. employment report to show a total gain of 225,000 jobs, with risk of a stronger pace of hiring and an increase in the unemployment rate to 3.7%. … READ MORE >