The new Jobs report paints a mixed picture. The BAD news: - Unemployment at its highest since 2021! The GOOD news: - Nonfarm payrolls increased by 206,000, surpassing expectations. - Average hourly earnings grew by 0.3% for the month and 3.9% year-over-year, meeting forecasts.
LumenCeler Group’s Post
More Relevant Posts
-
Employment Situation chart pack below. 12 Charts on payrolls, unemployment, and the labor force. I updated this chart pack automatically just a minute after the data release with a single click using Macrobond Financial. Some major takeaways from the data: 1. U.S job growth slows in April. Nonfarm payrolls increased by 175,000 jobs last month, under pacing expectations which hovered around 243,000. 2. The unemployment rate saw a small uptick to 3.9%. The metric has remained below 4% for 27 straight months. 3. Wages increased 3.9% over the past year following the 4.1% print in March. The Fed sees wages needing to fall to the 3-3.5% range to hit their 2% inflation target.
-
US Nov. Unemployment Rate 3.7%; Est. 3.9% US Nov. Nonfarm Payrolls Rise 199k M/M; Est. +185k US Nov. Private Payrolls Rise 150k M/M; Est. +159k US Nov. Manufacturing Payrolls Rise 28k M/M; Est. +30k US Nov. Private Payrolls Increase 150,000; Est. 159k US Manufacturing Payrolls Rise 28,000 in Nov. US Nov. Average Workweek at 34.4 Hours; Est 34.3
-
U.S. ADDS 303,000 NEW JOBS IN MARCH 2024. Things are looking up. Are you ready for a role change? Would you like a new #project, #data, #IT, #IS, or #Saas role? Let's discuss making you highly competitive in 21 days or less! Check out my client endorsements, then Hit the "Book an Appointment" button on my profile. Have a great weekend, friends! #careercoach #jobreport #careerpath #careerdevelopmentcoaching
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:
-
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:
US Jobs Roar Again as Payrolls Jump 303,000, Unemployment Drops
bloomberg.com
-
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:
US Jobs Roar Again as Payrolls Jump 303,000, Unemployment Drops
bloomberg.com
-
Keeping a finger on the economic pulse! The latest report on US private payrolls growth for August highlights a sharp slowdown. Understanding the dynamics of the job market is crucial for businesses and professionals alike. Check out this Reuters article for the latest trends. #Economy #JobMarket #BusinessNews https://lnkd.in/gAaTw7XR
US private payrolls growth slows sharply in August - ADP
reuters.com
-
While there are signs of a slowdown, this report suggests the job market retains resilience for now. Hiring continues and more people are entering the workforce. We'll have to keep watching to see if these trends continue in the months ahead. But the November data reflects decent momentum.
According to the recently released November 2023 Employment Situation report from the U.S. Bureau of Labor Statistics, the job market exhibited resilience, with payrolls expanding and the unemployment rate declining, despite signs of an economic slowdown. The report revealed a monthly increase of 199,000 in nonfarm payrolls, surpassing the October gain of 150,000. The unemployment rate dropped from 3.9% in October to 3.7% in November. Moreover, the employment-population ratio experienced a 0.3% increase, reaching 60.5% in November compared to 60.2% in October. Meanwhile, the labor force participation rate remained relatively stable at 62.8%, with minimal changes observed since August. Collectively, these factors highlight sustained momentum in job creation and overall labor market dynamics. #labormarket #jobmarket #employment #laborstatistics #unemploymentrate #staffing source: https://lnkd.in/gk-6zCb
-
-
❗ 🇺🇸 MNI US Payrolls Preview - Watching For Guide on Sept Cut Prospects: - Job gains are expected to moderate in June after a surprisingly strong May - However, with heightened uncertainty around what’s the genuine pace of employment growth, there could be a greater focus on the unemployment rate to assess labor market imbalances - Data volatility could see the unemployment rate lower on a rounded basis Get briefed via our preview 👇 https://lnkd.in/eaput42w #macroeconomics #useconomy #globalmacro
-
