More Rate Hikes by the Fed as Labor Market Strength Wanes Only Slightly
Slowing job numbers and a weakening labor market would relieve economic pressure, but recent data suggests prevailing strength despite stubborn inflation. According to the Monthly Employment Situation Summary, released this morning by the Bureau of Labor Statistics (BLS), the labor market added 261,000 jobs in October, down from the adjusted gain of 315,000 jobs in […]
Economic Turmoil Persists as Jobs Report Shows 263,000 Added Jobs in September.
The third quarter of 2022 has closed and according to the Monthly Employment Situation Summary, released this morning by the Bureau of Labor Statistics, the labor market added 263,000 jobs in September. This is down from the 315,000 jobs added in the month of August and remains well below previous months. The economy continues to […]
BLS Jobs Report: Labor Market Not Strong Enough to Withstand More Rate Hikes
The Monthly Employment Situation Summary, released this morning by the Bureau of Labor Statistics, reported 315,000 added jobs in August, down significantly from July’s 528,000 added jobs. Unemployment rose to 3.7 %. It appears that the labor market is finally cooling off. If the trend continues, the reduction in demand for workers will lower wages, […]
July Jobs Report
In an unexpected turn of events and amidst surging inflation and anxiety, the labor market added 528,000 jobs last month according to the monthly Employment Situation Summary released this morning by the Bureau of Labor Statistics. That’s the largest gain since February 2022 and more than double predictions from last week. This particular report was […]
May Jobs Report
The economy may be headed for a long-expected downturn. According to the monthly Employment Situation Summary released this morning by the Bureau of Labor Statistics, there were 390,000 jobs added in May. The labor market is still gaining, but at a lower rate than the reported 428,000 jobs added in April. The report outlines a […]
April Jobs Report
The upward trend continues as April shows strong job gains. Despite inflation’s continued rise, it has not yet caught up with the labor market. The Bureau of Labor Statistics released the monthly Employment Situation Summary this past Friday, which revealed a mixed bag of news. In April, 428,000 jobs were added while unemployment remained at […]
March Jobs Report shows biggest recovery from the pandemic yet
As expected, there were 431,000 added jobs in March, the eleventh straight month of growth, according to the Jobs Report for March 2022 released by the U.S. Bureau of Labor Statistics. Two days before today’s report was released, ADP announced its own payroll update, showing that private payrolls grew by 455,000 this past month. Last […]
