June 2, 2023 11:08 am ETHiring remained strong in May as the U.S. added 339,000 jobs. The unemployment rate remains at a historic low, but increased slightly from April. Photo: Joe Raedle/Getty Images
The job market keeps singing a tune from Bizarro Annie: “The sun will go down tomorrow, just you wait and see.”Continue reading your article with
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US labor market remains resilient as job openings climb, layoffs dropU.S. job openings unexpectedly rose in April and data for the prior month was revised higher, pointing to persistent strength in the labor market that could compel the Federal Reserve to raise interest rates again in June.
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U.S. job openings rise to 10.1M as the labor market stays strong despite rate hikesU.S. job openings rose unexpectedly in April, illustrating the resilience of the American labor market even as the Federal Reserve attempts to cool the economy in its fight against inflation.
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Labor market still surprisingly hot, with more job openings in AprilA jobs report released Wednesday indicated that the labor market could be getting hot again — a notable reversal of an ongoing cooling trend over the past year.
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US applications for unemployment benefits tick up slightly as labor market remains healthySince the pandemic purge of more than 20 million jobs three years ago, the U.S. economy has added jobs at a furious rate and Americans have enjoyed unusual job security.
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Nonfarm Payrolls Preview: Banks expect labor market to lose momentum only slowlyThe US Bureau of Labor Statistics (BLS) will release the May jobs report on Friday, June 2 at 12:30 GMT and as we get closer to the release time, here
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US weekly jobless claims rise slightly; labor market defies recession fearsThe number of Americans filing new claims for unemployment benefits increased modestly last week and private employers hired more workers than expected in May, pointing to continued labor market tightness that could push the Federal Reserve to keep interest rates elevated.
Source: Reuters - 🏆 2. / 97 Read more »