"Employers are adding a strong average of 248,000 jobs a month this year." Are you adding any jobs in the rest of 2024? https://lnkd.in/ermuB_-F
Rhodes Wolfe’s Post
More Relevant Posts
-
US WEEKLY JOBLESS CLAIMS HIT HIGHEST LEVEL SINCE AUGUST OF 2023, THOUGH JOB MARKET IS STILL HOT The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months, another indication that the red hot U.S. labor market may be softening. Unemployment claims for the week ending May 4 rose by 22,000 to 231,000, up from 209,000 the week before, the Labor Department reported. Though last week’s claims were the most since the final week of August 2023, it’s still a relatively low number of layoffs and not cause for concern. The four-week average of claims, which softens some of the weekly volatility, rose by 4,750 to 215,000. Weekly unemployment claims are considered a proxy for the number of U.S. layoffs in a given week and a sign of where the job market is headed. They have remained at historically low levels since the pandemic purge of millions of jobs in the spring of 2020. Last month, U.S. employers added just 175,000 jobs, the fewest in six months and another sign that the labor market may be loosening. The unemployment rate inched back up to 3.9% from 3.8% and has now remained below 4% for 27 straight months, the longest such streak since the 1960s. Moderation in the pace of hiring, along with a slowdown in wage growth could give the Fed the data its been seeking in order to finally issue a cut to interest rates. Source: Associated Press
To view or add a comment, sign in
-
June's BLS job growth was just above estimates reporting 206K new jobs were created. Earlier this week, ADP's jobs report came in lower than expected. Remember ADP does not include government jobs and according to the BLS, 70,000 government jobs were added in June. That is a big gain with the average being only 50,000. Additionally, there were big revisions to previous months, as the data for April and May shaved 111K jobs from those months combined. The unemployment rate rose to 4.1%, the highest since November 2021, triggering the reliable Sahm Rule and suggesting we're already in a recession. #BLS #Jobs#UnemploymentRate #PhillyMB
To view or add a comment, sign in
-
Headlines say big job gains, but the gains were all in part-time while full-time jobs dropped by 22,000. The biggest areas were hospitality, which average 3/4 of the normal hours, and in government jobs which are a drain, not increase in economic productivity. Will the Fed go too far and have to course-correct as usual with quick rate cuts in the near future? #APM #bls #jobs #unemploymentrate #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
BLS Jobs Report (September 2023)
mbshighway.com
To view or add a comment, sign in
-
Some uplifting news to share: US jobless claims have plunged to their lowest since February. But there's a bigger picture here. Did you know that job openings are still outpacing the “officially” unemployed by 1.5 times? We'd love to hear from you in the retail, hospitality, manufacturing, and construction sectors. We sense challenges in hiring in the Hudson Valley. How is your experience? Let's work together and ensure a prosperous economy is one where everyone benefits. #OpenHiring #JobMarketTrends #HudsonValleyJobs https://lnkd.in/eWXeS3JT
US jobless claims hit lowest level since February; productivity strongest in years
reuters.com
To view or add a comment, sign in
-
This article explains the effects of the current interest rates and employment numbers and how those could change over the course of 2024. What does that mean for you? Well, there are a couple of points that were made in the article that could take until Q3 to come to fruition. Employees are quitting slightly less as they may start to believe that the other jobs out there are not better than where they are currently. This could help companies because the “ratio of job openings to the number of unemployed job seekers has also been approaching its pre-pandemic norm.” So, as companies try to leverage this trend the ones that invested in the company through improvements and hiring incentives may have the upper hand in trying to hire and most importantly retain their employees. If you have not re-invested in your company now may be the time. If you need help to identify the areas that will help retain your employees we are here for you. We take a holistic and data driven approach to help organizations identify areas of improvement in their businesses and in turn increases retention rates. https://lnkd.in/gnmDRxm9
Job Market May Hold Some Surprises in ‘24
impomag.com
To view or add a comment, sign in
-
Check out the article below! We make a positive #impact on your organization. #knowledgeispower #investinyourpeople
This article explains the effects of the current interest rates and employment numbers and how those could change over the course of 2024. What does that mean for you? Well, there are a couple of points that were made in the article that could take until Q3 to come to fruition. Employees are quitting slightly less as they may start to believe that the other jobs out there are not better than where they are currently. This could help companies because the “ratio of job openings to the number of unemployed job seekers has also been approaching its pre-pandemic norm.” So, as companies try to leverage this trend the ones that invested in the company through improvements and hiring incentives may have the upper hand in trying to hire and most importantly retain their employees. If you have not re-invested in your company now may be the time. If you need help to identify the areas that will help retain your employees we are here for you. We take a holistic and data driven approach to help organizations identify areas of improvement in their businesses and in turn increases retention rates. https://lnkd.in/gnmDRxm9
Job Market May Hold Some Surprises in ‘24
impomag.com
To view or add a comment, sign in
-
We finally have some really good data in the jobs report. September showed the slowest pace of private sector job growth since January 2021, with large businesses driving the way. Annual pay growth for both job-stayers and job-changers slowed as well. The Fed is looking for clear signs that the job market is softening as they consider further rate hikes. All eyes on the big BLS jobs report Friday. #adp #job #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
ADP Employment Report (September 2023)
mbshighway.com
To view or add a comment, sign in
-
D3 | landing a job. #jobsearch #jobsearch2024 #labormarket #employers #jobseekers #hiring2024 #visitd3search
Americans are suddenly finding it harder to land a job — and keep it
msn.com
To view or add a comment, sign in
947 followers