John St. John, MBA, PHR, PMP,’s Post

Another great #jobsreport for the US Economy. At the same time, if you're looking for work, it can be frustrating to see hiring happening when it isn't happening for you (especially if you are a senior-level exec).  The good news is that employers across the board see the stronger numbers and they start investing in hiring because they are more confident that the business will be there. As the job market tightens, companies (and bosses) become more open to leaving their own industry in search of talent from an aligned or an adjacent industry. This is the next stage. The best thing you can do now is to figure out which adjacent industries to your own will be a good fit for your experience. [Write up below from Bloomberg News with more detail.]

Another strong #jobsreport! Some of the highlights here: -- Nonfarm payrolls advanced 303,000 last month, the most since May & above all economists' estimates. That also followed an upward revision to the prior two months -- Job growth in March was led by faster hiring in health care, construction, as well as leisure and hospitality, which has now bounced back above its pre-pandemic level -- The unemployment rate fell to 3.8%, with more people joining the workforce and able to find a job -- An aggregate measure of weekly payrolls — which provides a broader reading of changes in earnings, hours and employment — rose 0.8%, matching the biggest monthly increase since January 2023 -- Average hourly earnings rose 4.1% from a year ago, the slowest pace since mid-2021 Big picture: There aren't many obvious areas where the job market is slowing, and #FederalReserve officials have said they'd want to see moderation in job gains as a possible precursor to interest-rate cuts. This report raises the chance those cuts will be further out in time and maybe fewer than anticipated. Read my latest here for Bloomberg News:

Jobs miss The US nonfarm payrolls report showed employment growing by a lower-than-expected +142,000. The unemployment rate held fairly steady as expected at 4.2.pc. However, there were downwards revisions to the preceding two months by a combined -86,000, taking the 3-month average for employment gains down to just +126,000 (and below 100,000 for the private sector). A disappointing set of numbers for hiring, which saw the 2-year bond yield drop by around 7 basis points to 3.67pc. Markets are pricing a 50 basis points cut this month by the Federal Reserve as 55 per cent likely (versus 45 per cent for a 25 basis points cut). The main bright spot was average hourly earnings rising by a slightly better than expected +3.8 per cent (consensus: 3.7 per cent). (BLS stats)

  US Payrolls, Wages Pick up iN Jobs Report Dotted with Caveats (Source= Bloomberg)   RESILIENT US JOB MARKET   US job growth picked up in December and wage gains exceeded expectations in a mostly solid report that included some caveats about the strength of the labor market. Nonfarm payrolls increased 216,000 after downward revisions to the prior two months, a Bureau of Labor Statistics report showed Friday. The unemployment rate held at 3.7%, while average hourly earnings rose 0.4% from a month earlier. The December figures cap a year where the labor market moderated from its breakneck post-pandemic recovery without sinking into a downturn that was widely forecast earlier in 2023. Despite Federal Reserve interest rates at a two-decade high, the resilient labor market has fueled steady consumer spending and healthy economic growth even as inflation has slowed. Even so, some analysts said part of the report signaled underlying weakness, highlighted by a steep drop in the labour-force participation rate.

Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market. Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for a rise of 200,000 and higher than the downwardly revised 270,000 gain in February, the Labor Department’s Bureau of Labor Statistics reported Friday. Click below to read more.

"September’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring, a modest increase in wages and a labor market that is looking a lot like many policymakers had hoped it would. Nonfarm payrolls are projected to show growth of 150,000, from 142,000 the month before, with a steady unemployment rate of 4.2%, according to the Dow Jones consensus. On the wage side, the forecast is for a 0.3% monthly gain and a 3.8% increase from a year ago — the annual rate being the same as August." https://lnkd.in/gwrJShRD

KEY FACTS 📍The Labor Department said U.S. employers reported an increase of 142,000 nonfarm payrolls in August, up from July’s initially reported 114,000 jobs added but falling short of economist estimates of 160,000, according to FactSet. 📉The unemployment rate dipped to 4.2% last month, down from July’s 33-month high of 4.3% and better than forecasts of 4.2%. 📉The government downwardly revised July job growth by 114,000 to 89,000 and June from 179,000 to 118,000. SURPRISING FACT ‼️This was the weakest August for job growth since 2017, when nonfarm payrolls increased by 135,000.

Incredible news on the job front! U.S. payrolls jumped an astonishing 303,000 in March, marking the biggest rise in nearly a year. Alongside this, the unemployment rate dropped, indicating an economy powered by a strong labor market. The numbers even exceeded all projections, giving us a clear indicator of a robust and thriving business environment. These aren't just statistics; they're a testament to the hard work of everyone contributing to our thriving economy. As we continue to navigate the professional landscape, it's essential to recognize and celebrate these wins that illustrate the resilience and growth of our economy. This data undoubtedly brings a host of opportunities for businesses looking to expand and individuals seeking new professional avenues. So, are you ready to take advantage of this booming job market? #USJobs #Economy #JobMarket #BusinessNews What's your strategy for leveraging these promising market conditions? News Source → https://lnkd.in/giCPBmxs