Since December 2024, 594,000 jobs have been created in health care and 411,000 in social assistance, much of it to serve an aging population. … READ MORE >
U.S. labor market
Revisions and noise push jobless rate down to 4.2%
Take the June jobs report of 57,000 new hires with a grain of salt. Expect an upward revision to this figure when the July data is released. … READ MORE >
Market Minute: Initial jobless claims remain remarkably stable
On Thursday, we expect initial claims to move to near the current 13-week moving average of 213,000. in a reflection of the low-fire, low-hire economy. … READ MORE >
Jobs report shows that slow-hire, slow-fire remains base case
The American economy added 130,000 jobs in January, enough to push the unemployment rate down to 4.3% amid a large downward revision in total employment from April 2024. … READ MORE >
Market Minute: January jobs report preview
We expect an increase in total employment of 60,000 jobs for January with the unemployment rate holding at 4.4%. … READ MORE >
Market Minute: Deteriorating expectations on inflation and household finances
The Federal Reserve will have a difficult choice of either fighting inflation or hoping to revive a sluggish labor market when it meets this week. … READ MORE >
Falling demand suggests further labor market deterioration
Fresh data from ADP, Revelio Labs and Challenger, Gray & Christmas all point to the prospect that weakness in labor demand is becoming entrenched and is not temporary. … READ MORE >
Private sector lost 32,000 jobs in September, ADP reports
ADP reported a net decline of 32,000 jobs in September, driven by a decreased of 40,000 among small firms and 20,000 among medium-size firms. … READ MORE >
Job openings inch up in August as labor market stabilizes
The labor market continued to rebound on the month after bottoming out in May and June. … READ MORE >
Market Minute: U.S. July jobs report preview
We expect a net gain of 150,000 jobs and an increase in the unemployment rate to 4.2% when the U.S. employment report for July is released on Friday. … READ MORE >