Despite recent headlines highlighting cybersecurity challenges and the departure of major retailers from specific health care segments, the industry continues to demonstrate robust jobs growth. Health care jobs gains remain strong, according to the U.S. monthly report on April numbers, with a three-month ... READ MORE >
U.S. jobs report
U.S. monthly employment report: Hiring cools in April
Hiring cooled in April from the torrid pace of 269,000 jobs on average during the first three months of 2024, as the economy generated an average increase of 175,000 positions in total employment and enters the second quarter of the year, according to data released on Friday from the Bureau of Labor ... READ MORE >
U.S. jobs report: American exceptionalism amid dynamic growth
While it’s always good to identify risks to the economic outlook, too often market players mistake the condition of a few trees—there are always isolated problems—with the health of the forest. The March jobs report shows just how healthy the American labor market is, despite isolated criticisms. ... READ MORE >
Full employment, low inflation and a virtuous cycle in the American economy
Until recently, the idea that economy could simultaneously have low levels of unemployment and low inflation seemed to be a fantasy. Conventional wisdom, after all, holds that when unemployment is low, businesses need to pay higher wages to attract workers, which pushes up the cost of goods and services, ... READ MORE >
U.S. employment report: Robust hiring continued in February
Sustained demand for labor in the American economy was on vivid display on Friday as the Labor Department reported that 275,000 jobs were created in February. The Bureau of Labor Statistics revised down its initial estimate of the January jobs report from 353,000 jobs created to 229,000 and the ... READ MORE >
Hiring accelerates in January as unemployment remains below 4%
Remarkable, resilient and robust. There is simply no other way to describe the sustained strength in the U.S. labor market that has resulted in an American unemployment rate below 4% for 24 consecutive months for the first time since 1967. The U.S. economy created 353,000 new jobs in January on the ... READ MORE >
December employment report caps an extraordinary year of 2.7 million jobs added
The U.S. economy added 216,000 jobs in December, closing out an extraordinary year that saw an increase of 2.7 million in total employment and a record 167 million Americans employed. During the past year, the unemployment rate averaged 3.6% and closed the year at 3.7% in the best year for labor ... READ MORE >
U.S. November jobs report: This is what a soft landing looks like
This is what a soft landing looks like. Through November this year, the American economy has produced nearly 2.6 million jobs as inflation has eased from 6.4% to 3.2%, all while the unemployment rate has remained below 4%. This is not a recession but instead is a sustained expansion amid labor ... READ MORE >
U.S. October jobs report: Moderation in hiring as wage gains outpace inflation
Hiring in the American economy moderated in October, pointing to a cooler pace of growth and inflation that is a much-needed elixir following the torrid pace of hiring and expansion of recent months. The economy added 150,000 jobs in October with the unemployment rate at 3.9%, the Bureau of Labor ... READ MORE >
Blowout employment report is a win for the American real economy
The U.S. September employment report, with a surprising gain of 336,000 jobs, surely exaggerates the true underlying pace of hiring that remains quite strong but not at the robust levels implied by the monthly Bureau of Labor Statistics estimate released on Friday. Once one considers the upward ... READ MORE >