Wages of job offers received by job seekers have spiked, with expectations for wages increasing by 11.8% from a year ago, indicating that inflation is impacting the labor market and fueling concerns about even higher inflation.
The number of job openings in the US fell to 8.8 million at the end of July, indicating a slowing economy, with declines seen in professional and business services, healthcare, and state and local government sectors, while the information industry and transportation saw increases in job openings. Additionally, consumer confidence dipped in August as Americans grew more concerned about rising prices of gas and groceries, and home prices continued to increase in June.
The US labor market shows signs of easing as job openings decline for the third consecutive month, worker quits decrease, and layoffs increase, indicating a more balanced state, according to the Bureau of Labor Statistics.
U.S. job openings reach lowest level in nearly 2.5 years in July, signaling a slowdown in the labor market and potential impact on interest rates.
The number of job vacancies in the US dropped in July, indicating a cooling labor market that could alleviate inflation, while fewer Americans quit their jobs and consumer confidence in the economy decreased, potentially impacting consumer spending; these trends may lead the Federal Reserve to delay a rate hike in September.
The US jobs data for July suggests a cooling employment market, with a drop in labor demand and easing of hiring conditions, which could help lower inflation without a significant rise in unemployment rates.
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.
Job openings and layoffs decreased in July, indicating a return to pre-pandemic labor market patterns, with economists attributing the drop to a decline in turnover rather than contraction.
The August jobs report is highly anticipated as investors assess the health of the labor market amidst rising interest rates and inflation, with projections indicating an increase in hiring and a steady unemployment rate, but potential disruptions from ongoing strikes and bankruptcies could affect the data. The report is closely watched by the Federal Reserve for signs of labor market softening as they grapple with inflation, and while the labor market has remained tight, there are indications of a gradual slowdown. Job openings have decreased, along with resignations, pointing to a labor market that is cooling.
U.S. job growth likely slowed in August due to factors such as striking actors and a major trucking company bankruptcy, but the unemployment rate is expected to remain low; economists caution against overreacting and advise focusing on long-term trends.
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.
The US added 187,000 jobs in August, but the unemployment rate rose to 3.8 percent, indicating a plateau in the labor market as the Federal Reserve considers another interest rate hike.
The US job market shows signs of slowing but remains resilient, with 187,000 jobs added in August and a rise in the unemployment rate to 3.8%, as more people actively look for work. Wage gains are easing, signaling a potential slowdown in inflation, and the Federal Reserve may decide against further interest rate hikes.
The US added more jobs than expected in August, but the unemployment rate rose, causing little change in the price of bitcoin while traditional markets reacted positively.
The August employment report showed an increase in unemployment and a jump in the number of workers unemployed for more than 27 weeks, indicating a normalization of the labor market; however, the report also highlighted the potential for further job gains in September as new labor force entrants search for employment.
The number of job layoffs in the U.S. remains near a record low despite rising interest rates and high inflation.
The decline in job openings could have negative implications for the US stock market, as job openings and the S&P 500 have shown a strong correlation since 2001, with job openings currently down 27% from their peak in March 2022.
The Job Openings and Labor Turnover Survey (JOLTS) report, which will be released by the US Bureau of Labor Statistics (BLS), is expected to show steady job openings in August, with around 8.8 million positions available, and the data will be closely watched by Federal Reserve officials and market participants for insights into the supply-demand dynamics of the labor market.
Employment vacancies unexpectedly surged in August, indicating a tight and robust labor market despite efforts by the Federal Reserve to slow the economy.
The number of job openings in the US unexpectedly surged in August, indicating the strength of the labor market, with 9.61 million open jobs, according to the Bureau of Labor Statistics.
Pre-market futures are down as the stock market continues to struggle, with the Dow, Nasdaq, and S&P 500 all showing declines, while the 10-year bond yield remains high and the inverted yield curve persists. Job openings are expected to be flat in the JOLTS report for August, reflecting a decline from pre-pandemic levels, and job quits are at a 2.5-year low, indicating a decrease in employee confidence. This week's jobs data will provide further insights into the state of the economy, with interest rates and future Fed decisions being influenced by the upcoming Q3 earnings season.
U.S. job openings unexpectedly increased in August, driven by demand for workers in the professional and business services sector, pointing to a tight labor market that could push the Federal Reserve to raise interest rates next month.
A rising number of Americans are quitting their jobs even as their savings deplete and personal debt rises, with job openings unexpectedly growing in August, signaling a strong labor market but also reflecting the growing financial stress affecting Americans regardless of income level.
Hiring by U.S. companies slowed more than expected in September, reflecting a cooling labor market due to higher interest rates, with the worst month for job creation since January 2021.
U.S. private employers added the fewest workers in more than 2-1/2 years in September, with large establishments shedding jobs, but that likely exaggerates the pace of slowdown in the labor market.
The United States is expected to add 170,000 jobs in September, which would mark the fourth consecutive month with an increase below 200,000, potentially exacerbating the labor shortage and making it difficult for the Fed to control inflation. The unemployment rate is forecast to fall slightly to 3.7%, while wage growth is expected to rise 0.3%. The impact of labor-union strikes, such as the expanded strike by auto workers, could also affect employment growth.
According to a report by ADP, US employers added 89,000 new private-sector jobs in September, which is significantly lower than the expected 153,000 new hires. However, data from the Bureau of Labor Statistics showed a surge in available jobs, indicating a contrasting picture of the labor market.
Employers added 336,000 jobs in September, exceeding economists' predictions, signaling a stronger labor market and raising concerns that the Federal Reserve may need to raise interest rates further to control inflation.
U.S. employers added 336,000 jobs in September, potentially strengthening the case for another interest rate increase by the Federal Reserve, despite wage growth remaining muted and upcoming inflation data expected to show continued slowing.
U.S. employers added 336,000 jobs in September, surpassing expectations, but the strong job growth could complicate the Federal Reserve's efforts to control inflation.
U.S. employment increased by the most in eight months in September, pointing to a strong labor market and potentially giving the Federal Reserve reason to raise interest rates, though wage growth is slowing.
The rate of UK unemployment rose to 4.2% in the three months to the end of August, while the number of people in work fell by 0.3 percentage points, signaling a slowdown in the labor market and a potential economic downturn.
