LumenCeler Group’s Post

The March 2024 jobs report blew past expectations, pointing to an exceptionally strong and resilient U.S. labor market that is showing no signs of cooling down. The headline numbers were impressive: 303,000 new nonfarm payrolls created, far exceeding projections of 200,000. The unemployment rate ticked lower to 3.8% as labor force participation rose. A few other key highlights: Job gains were widespread across sectors like healthcare, government, leisure/hospitality, construction and retail trade. Average hourly earnings rose 0.3% over the month and 4.1% year-over-year, indicating persistent upward wage pressures. The robust 498,000 gain in household employment highlights soaring labor demand. From my perspective as an executive search consultant, this blazing jobs report confirms what we've been seeing on the frontlines: An extremely tight talent market where skilled workers are in high demand and short supply. The implications are clear - businesses will need to continue to double down on competitive compensation packages and strong company cultures to retain top employees. #jobsreport #executivesearch Y Scouts TRANSEARCH

The latest jobs report is in, and it's a testament to resilience and growth! There were gains in 11 of 13 industries and the unemployment rate fell for the first time since December 2023. According to the U.S. Department of Labor the job market continues to show promising signs of recovery and expansion. The report revealed 303,000 new payrolls were created, beating expectations of the estimated 214,000. While this data is hopeful, the labor market is still challenging for business owners so they must continue to create a culture that will entice talent. #Jobs #NowHiring #JobMarket #CareerGrowth #FutureofWork Click to read more: https://hubs.ly/Q02sfZFv0

#jobmarket #unemployed #labormarket The U.S. added 206,000 jobs in June, the Bureau of Labor Statistics reported: more than the 190,000 that were forecast. Important to note that these figures for both April and May were revised lower and the #unemployment rate ticked up to 4.1%, tying for the highest rate since October 2021. Other important considerations: * The number of long-term unemployed — people who have been #jobless for 27 weeks or more — rose by 166,000 in June. * Private company payrolls grew less than expected in June, with these companies adding only 150,000 #jobs , according to ADP — the smallest monthly gain since January 2024. * U.S. #job openings jumped to 8.1 million in May from April's downwardly revised 7.9 million. What else can we glean from this article? #jobsearch #jobseeker #recruiter #talentacquisition #headhunter #hr #humanresources #loaborrelations #newhire ##jobopenings #resume #economy #unemploymentrate #inflation #costofliving #gasprices #groceryprices #plantmanager #directorofoperations #electionyear #politics #directorofmanufacturing #consumernews #trends #nowhiring #applyhere #employeeengagement #talentretention #opentowork #openfornewopportunities #consumerbehavior #finance

2024's US labor market is off to a strong start with today's jobs report. We added 353,000 new jobs and the unemployment rate stayed low at 3.7% and has now been at or below 4% for two years!! There is some underlying weakness in the data, though Average hours worked declined, share of workers that were employed part-time for economic reasons continued to rise and wage growth ticked up. Check out Indeed's #HiringLab economist Nick Bunker's commentary here: https://lnkd.in/g_Buc-MR #labormarket #jobs #jobsreport #unemployment #wages

Job openings resilient in June Job openings posted 8.18 million in June, more than expected and a sign of the labor market's resilience in the face of high interest rates. Available openings in May were also revised higher, to 8.23 million, the Labor Department said Tuesday. The rate at which Americans voluntarily left their jobs last month, however, remained at 2.1%, close to the lowest since 2020. The level signals muted confidence in employment prospects and reflects the fact that the unemployment rate has risen in each of the past three months. The U.S. on Friday will report on new payrolls and the unemployment rate for July. Consumer confidence also showed resilience in July, with the Conference Board’s gauge rising to 100.3 from a downwardly revised 97.8 in June. #nowhiring #unemployment #quietquitting

Great review of US jobs report. Alternate title: Soft Landing Revisited. https://lnkd.in/gBTXCieq However, in 2024 the job-finding rate declined again and continued to do so until June going into July when it stabilized around a low 43%. In August the total number of unemployed persons declined over the month whereas the number of newly unemployed persons (less than 5 weeks in duration) increased: -48,000 vs. +117,000. This suggests that the likelihood to exit unemployment between July and August improved notably, with the job-finding rate increasing from about 43% to about 52% for July going into August (chart above). 

Today the Bureau of Labor Statistics reported that U.S. employers added 275,000 jobs this February surpassing expectations with job growth across several sectors. The national unemployment rate increased to 3.9%, its highest rate since January 2022.   Key takeaways from the BLS February #JobsReport include:     ·        Several sectors remained stagnant in job growth, including professional and business services.  ·        Employment gains for December 2023 and January 2024 were revised and reduced by a total 167,000 jobs.    #Hiring is happening! Read the full Bureau of Labor Statistics jobs report at https://lnkd.in/e8aFakB.

August’s employment data shows a rebound with 142,000 new jobs added and a slight decrease in unemployment. However, concerns about hiring pace and job market revisions remain. Read the Latest full News - https://lnkd.in/dE9eFMhS #EmploymentReport #JobMarket #USJobs #LaborMarket #PayrollGrowth #UnemploymentRate #FedRateCut #EconomicOutlook #JobOpenings #LaborStatistics