Amid waves of layoffs continuing to hit some of the nation’s largest employers, the unemployment rate unexpectedly ticked up last month despite the labor market gaining significantly more jobs than expected—adding to mixed messages about the economy as the Federal Reserve decides whether it should pause its aggressive campaign to tame rising prices for the first time in more than a year.
So why the disparity? The government relies on a survey of establishments, or companies, to gauge the monthly change in employment, whereas it surveys households, or individuals, to determine the unemployment rate; this household survey showed the number of employed people fell by 310,000 last month.
According to the Labor Department, the establishment survey will count employees working at more than one job separately for each appearance, while the household survey will only count each person once—no matter how many jobs they have—because it surveys individuals. In a morning note, Vital Knowledge founder Adam Crisafulli said it seems the data is still being skewed “enormously” by Covid-linked distortions, creating mixed signals about the economy.hitting some of the nation’s largest tech employers, the unemployment rate fell to a 54-year low of 3.4% in January and has remained near historically low levels this year.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Labor Market Added Staggering 339,000 Jobs Last Month—But Unemployment Rate Rose To 3.7%Employment growth is strong, but 'fragmented,' one economist notes.
Fuente: Forbes - 🏆 394. / 53 Leer más »
Labor Market Added Staggering 339,000 Jobs Last Month—But Unemployment Rate Rose To 3.7%Amid waves of layoffs continuing to hit some of the nation’s largest employers, the unemployment rate unexpectedly ticked up last month despite the labor market gaining significantly more jobs than expected—adding to mixed messages about the economy
Fuente: Forbes - 🏆 394. / 53 Leer más »
US employers added a strong 339,000 jobs in May as labor market stays durableU.S. employers added a robust 339,000 jobs in May in a sign of a still-healthy labor market despite the Fed's rate hikes. See the numbers.
Fuente: TucsonStar - 🏆 339. / 59 Leer más »
US employers added a strong 339,000 jobs in May as labor market stays durableU.S. employers added a robust 339,000 jobs in May in a sign of a still-healthy labor market despite the Fed's rate hikes. See the numbers.
Fuente: dothaneagle - 🏆 337. / 59 Leer más »
US employers added a strong 339,000 jobs in May as labor market stays durableThe nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool. The unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April. The stronger hiring demonstrates the job market’s resilience after more than a year of rapid interest rate increases by the Fed. Many industries, from construction to restaurants to health care, are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels.
Fuente: AP - 🏆 728. / 51 Leer más »
US employers added a strong 339,000 jobs in May as labor market stays durableThe nation's employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool.
Fuente: KSLcom - 🏆 549. / 51 Leer más »