The Bureau of Labor Statistics has revised down US job growth estimates by about 300,000 jobs, indicating weaker job growth than previously projected.
The U.S. Bureau of Labor Statistics has revised down its tally of total employment in March 2023 by 306,000, indicating that there were about 300,000 fewer job gains during April 2022 to March 2023 than initially estimated, which could impact the Federal Reserve's decision on interest rates.
Despite the Federal Reserve's interest rate hikes, new claims for unemployment benefits in the US declined last week, indicating a resilient labor market and raising hopes of avoiding a recession.
The number of Americans applying for unemployment benefits fell to a three-week low of 230,000, indicating a strong labor market and low job losses in the resilient U.S. economy.
The number of Americans applying for jobless benefits fell slightly last week as companies held on to employees in an economy that has withstood rising interest rates, with job openings remaining robust and unemployment benefits being collected by about 1.73 million people.
The US added more jobs than expected in August, but the unemployment rate increased, while average hourly earnings and nonfarm payrolls growth were slightly below forecasts.
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 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 Americans filing for jobless benefits unexpectedly dropped to the lowest level since February, indicating a relatively tight job market despite recent signs of softening.
Initial jobless claims for state unemployment benefits rose by 3,000 to 220,000 in the latest week, but the four-week moving average fell to its lowest level since February, indicating that while the pace of hiring may be softening, there are very few layoffs.
The number of Americans applying for unemployment benefits fell to an eight-month low, indicating a reluctance by businesses to lay off workers amidst labor shortages.
The number of job layoffs in the U.S. remains near a record low despite rising interest rates and high inflation.
The unemployment rate in Vineland-Bridgeton, New Jersey, experienced the largest increase in August compared to a year ago, while Kokomo, Indiana, had the largest decrease; Bismarck, North Dakota, had the lowest unemployment rate in the US at 1.5%, and Las Vegas-Henderson-Paradise, Nevada, had the highest at over 6%. The numbers suggest that the labor market in the US remains resilient despite economic challenges.
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.
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.
New jobless claims in the U.S. rose slightly to 207,000, reflecting an extremely strong labor market and indicating a stable economy with very low job losses.
The number of Americans filing new claims for unemployment benefits rose moderately last week, while layoffs declined in September, pointing to still-tight labor market conditions at the end of the third quarter. Additionally, the trade deficit shrank to its smallest in nearly three years in August, with exports of capital goods reaching a record high.
Applications for US unemployment benefits remained historically low last week, with initial jobless claims ticking up slightly to 207,000, indicating ongoing strength in the labor market.
The September jobs report showed the addition of 336,000 jobs and no change in the unemployment rate at 3.8%, exceeding expectations and indicating a strong job market amidst economic headwinds.
The number of Americans applying for unemployment benefits remains unchanged at historically low levels, indicating a strong job market in the face of higher interest rates.
The number of Americans applying for unemployment benefits remains unchanged, indicating a strong job market amidst higher interest rates and falling inflation.
The number of Americans filing new claims for unemployment benefits fell to a nine-month low, indicating strong job growth and sustained momentum in the economy, while existing home sales dropped to the lowest level in nearly a decade due to surging mortgage rates and tight supply.
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.
The number of Americans applying for jobless benefits rose slightly, but remains historically low, indicating strength in the labor market despite high interest rates and inflation.
