Thailand's employment growth slowed in the second quarter of 2023 as economic growth decelerated, with job growth mainly in the tourism and construction sectors, according to the state planning agency.
Job creation in the United States slowed more than expected in August, a sign that the resilient economy might be starting to ease under pressure from higher interest rates.
Private employers in the U.S. added fewer jobs than expected in August, indicating a slowdown in the labor market and suggesting that the rapid job growth seen in recent years is no longer sustainable.
Private sector employment increased by 177,000 jobs in August with an annual pay increase of 5.9 percent, signaling sustainable growth as the effects of the pandemic recede.
Private payrolls rose by 177,000 in August, the smallest increase since March, driven by slower job growth in the leisure and hospitality categories, according to ADP data, suggesting a slight slowdown in the economy.
The US economy added 177,000 jobs in August, slightly below expectations, but indicating sustainable growth in pay and employment as the effects of the pandemic diminish.
Job growth in the US slowed in August, signaling the impact of high interest rates, which has given traders hope that the Federal Reserve might pause hikes; US stocks rallied on the news, with the S&P 500 on a four-day winning streak and regaining some of August's losses.
U.S. job growth is slowing down but remains steady, with the unemployment rate settling at 3.5% in July and predictions that the August jobs report will show similar results, although concerns remain regarding potential slowdowns and negative growth.
Job creation in the American labor market is expected to slow down in August, with the addition of approximately 170,000 jobs, reflecting a mild cooling of employment growth and wage growth, as well as the impact of higher interest rates on hiring; the recent strikes in the film industry, although not a significant direct employer, are likely to have some impact on the jobs numbers, particularly those related to on-set production and support roles.
US job growth picked up in August, but the unemployment rate rose to 3.8% and wage gains moderated, signaling a slowing labor market and reducing expectations for a September interest rate hike by the Federal Reserve.
The US economy added 187,000 jobs in August, but unemployment unexpectedly increased, indicating a cooling labor market, while wages and job growth trend continued to slow.
