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.
Employment growth is strong, but"fragmented," Nela Richardson, chief economist at ADP,in a Thursday statement. The payroll processor reported private employers added a better-than-expected 278,000 last month; however, it also noted pay growth is"slowing substantially" despite the robust hiring, as leisure and hospitality jobs led gains, while manufacturing and finance lost jobs.
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AUD/USD falls to multi-month low below 0.6500 ahead of US labor market dataThe Australian dollar dropped to multi-month lows due to the strong US Dollar and uncertainties surrounding US labor market data and the debt-limit b
منبع: FXStreetNews - 🏆 14. / 72 ادامه مطلب »
The ‘great resignation’ — a trend that defined the pandemic-era labor market — seems to be overThe rate at which workers quit their jobs has declined to pre-pandemic levels as the labor market has gradually cooled.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »
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.
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »
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.
منبع: chicagotribune - 🏆 8. / 91 ادامه مطلب »
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.
منبع: washingtonpost - 🏆 95. / 72 ادامه مطلب »
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.
منبع: ladailynews - 🏆 332. / 59 ادامه مطلب »