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Aug 21, 2024 · The downgraded estimate follows a jobs report for July that was much worse than expected, leading many economists to suggest that the Fed had waited too long to begin cutting interest rates to support the economy. The unemployment rate rose for the fourth straight month, to a still-low 4.3%, and employers added just 114,000 jobs.
Information employment declined by 20,000 in July but has changed little over the year. Government employment was little changed in July (+17,000). Employment growth in government has slowed in recent months, following larger job gains in 2023 and the first quarter of 2024.
From January 2021 through December 2023, there were 2.6 million workers displaced from jobs they had held for at least 3 years. This was down by 1.0 million workers from the prior survey period. In January 2024, 65.7 percent of these workers were reemployed.
The unemployment rate rose to 4.3 percent in July, and nonfarm payroll employment edged up by 114,000, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health
Jul 5, 2024 · The US economy added 206,000 jobs in June, the Bureau of Labor Statistics reported Friday, easing from a downwardly revised May tally of 215,000 jobs. The unemployment rate moved a little...
Feb 2, 2024 · The US economy added a stunning 353,000 jobs last month, according to Bureau of Labor Statistics data released Friday, registering a stronger-than-expected gain to kick off 2024 and underscoring...
May 5, 2023 · April Jobs Report U.S. Job Growth Remained Strong in April. The labor market showed resilience in April, despite the Federal Reserve’s efforts to cool the economy. More jobs were added than...
