Total nonfarm payroll employment increased by 206,000 in the latest report. Notable gains occurred in government, health care, social assistance, and construction sectors. The average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents to $35. Over the past 12 months, these wages have increased by 3.9%. The average workweek for all employees on private nonfarm payrolls held steady at 34.3 hours for the third consecutive month. The unemployment rate remained relatively unchanged at 4.1%, with 6.8 million individuals currently unemployed. Read the full Employment Situation Summary from the U.S. Bureau of Labor Statistics for more details: https://hubs.li/Q02FrlR70 #EmploymentReport #JobsReport #WageTrends
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Vice President of Sales | Driving Growth through Strategic Problem Solving, Staffing Partnerships, Sales Process Development, Needs Analysis, and Sales Excellence | Branch Sales Training and Development
How is the #unemployment rate impacting your business? Contacts in the government, health care, social assistance and construction sectors, are you experiencing #growth? Would love to hear from you!
Total nonfarm payroll employment increased by 206,000 in the latest report. Notable gains occurred in government, health care, social assistance, and construction sectors. The average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents to $35. Over the past 12 months, these wages have increased by 3.9%. The average workweek for all employees on private nonfarm payrolls held steady at 34.3 hours for the third consecutive month. The unemployment rate remained relatively unchanged at 4.1%, with 6.8 million individuals currently unemployed. Read the full Employment Situation Summary from the U.S. Bureau of Labor Statistics for more details: https://hubs.li/Q02FrlR70 #EmploymentReport #JobsReport #WageTrends
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Total nonfarm payroll employment increased by 114,000 in the latest report. Notable gains occurred in health care, construction, transportation and warehousing. The average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $35.07. Over the past 12 months, these wages have increased by 3.6%. The average workweek for all employees on private nonfarm payrolls edged down to 34.2 hours. The unemployment rate remained relatively unchanged at 4.3%, with 7.2 million individuals currently unemployed. Read the full Employment Situation Summary from the U.S. Bureau of Labor Statistics for more details: https://lnkd.in/gk-6zCb #EmploymentReport #JobsReport #WageTrends
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Vice President of Sales | Driving Growth through Strategic Problem Solving, Staffing Partnerships, Sales Process Development, Needs Analysis, and Sales Excellence | Branch Sales Training and Development
Total nonfarm payroll employment increased by 114,000 in the latest report. Notable gains occurred in health care, construction, transportation and warehousing. The average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $35.07. Over the past 12 months, these wages have increased by 3.6%. The average workweek for all employees on private nonfarm payrolls edged down to 34.2 hours. The unemployment rate remained relatively unchanged at 4.3%, with 7.2 million individuals currently unemployed. Read the full Employment Situation Summary from the U.S. Bureau of Labor Statistics for more details: https://lnkd.in/gk-6zCb #EmploymentReport #JobsReport #WageTrends
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Total nonfarm payroll employment rose by 272,000 in May. Notable increases were seen in health care (+68,000 jobs) and professional, scientific, and technical services (+32,000 jobs). Average hourly earnings for all employees on private nonfarm payrolls increased by 14 cents, or 0.5%, to $34.91. Over the past 12 months, these earnings have risen by 4.1%. Read the full Employment Situation Summary from the U.S. Bureau of Labor Statistics: https://lnkd.in/gk-6zCb #EmploymentReport #JobsReport #WageTrends
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LinkedIn Top Voice | Senior Real Estate Economist, U.S. News & World Report | Public Speaker | Public Relations Consultant | Principal Economist, MetroIntelligence
Job market update: > Total nonfarm payroll employment rose by 303,000 in March (far more than the 215,000 forecast), and the unemployment rate fell from 3.9% to 3.8%. > The March gain was higher than the average monthly gain of 231,000 over the prior 12 months. Most job gains occurred in health care, government, and construction. > The unemployment rate has been in a narrow range of 3.7% to 3.9% since August 2023. > Both the labor force participation rate, at 62.7%, and the employment-population ratio, at 60.3% were little changed in March. These measures showed little change over the year. > In March, average hourly earnings for all employees on private nonfarm payrolls increased by 12 cents, or 0.3%, to $34.69. Over the past 12 months, average hourly earnings have increased by 4.1%, or about a percentage point higher than the increase in the CPI of 3.2% year-over-year through February. Link to report in comments. #employmentsituationsummary #bls #jobmarket #wages #unemployment #labormarket #economy #earnings
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THE EMPLOYMENT SITUATION -- SEPTEMBER 2024 Total nonfarm payroll employment increased by 254,000 in September, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in food services and drinking places, health care, government, social assistance, and construction. This news release presents statistics from two monthly surveys. The household survey measureslabor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry.
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Total nonfarm payroll employment rose by 303,000 in March beating expectations of 214,000. Most of the job gains occurred in health care, government, and construction. It is likely rate cuts will be pushed further back than the anticipated June meeting as the Fed can be patient on inflation with the strong jobs market. Participation up, employment up, unemploymenet rate down.
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December’s nonfarm payroll data came in hotter than expected this morning at 216k. Surveyed economists expected jobs added in the private sector and government to have totaled just 175k in December. The November total was revised downward to 173k from 199k. The unemployment rate was expected to tick up to 3.8%, but it held steady at 3.7% (consistent with November). The stronger than expected data is expected to give the Fed some pause in cutting rates too soon, and Treasury yields are 4-5bps higher across the curve thus far. Municipal price performance has been positive in the wake of 5 of the last 6 nonfarm reports:
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Non-Farm Payroll report for September delivered an upside surprise, with a month-over-month increase of 254k, significantly outpacing the expected 150k. The unemployment rate also dropped to 4.1% from 4.2%. Private payrolls saw strong growth, adding 223k jobs. These robust figures diminish the likelihood of a 50 basis point rate cut in November and push back any concerns on labor market. Dollar index jumps to 102.50
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Nonfarm payroll job growth rose by just 114,000 workers in July on a seasonally adjusted basis, down from 179,000 in June and well below the consensus estimate of around 180,000. On the positive side, U.S. job growth remains positive, increasing for 43 consecutive months, adding 16.2 million employees in that period. Total U.S. nonfarm payroll employment stood nearly 6.4 million (or 4.2%) above the February 2020 pre-pandemic peak, rising to a new record level: 158.7 million. Despite the weaker data in July, nonfarm payrolls have risen by 203,000 on average each month year to date. With that said, that average has fallen to 154,000 per month from April to July, reflecting some cooling in the labor market. Along those lines, the unemployment rate rose from 4.1% in June to 4.3% in July, the highest rate since October 2021. The number of unemployed individuals rose from 6,811,000 to 7,163,000, a 33-month high. At the same time, the labor force participation rate inched up from 62.6% to 62.7%. Average hourly earnings for production and nonsupervisory workers among private sector workers rose 3.8% over the past 12 months, the slowest pace since May 2021. For reference, year-over-year earnings growth peaked at 7.0% in March 2022. For the full National Restaurant Association post, see https://lnkd.in/eqpqCKaK. #jobs #employment #economy #labormarket #wages
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