New Jersey Department of Labor & Workforce Development’s Post

Preliminary employment and labor force estimates for November produced by the U.S. Bureau of Labor Statistics show New Jersey’s total nonfarm employment increased by 3,100 jobs to reach a seasonally-adjusted level of 4,391,600. The State’s unemployment rate decreased by .1 percentage point to 4.6 percent. Read more: https://ow.ly/2JSZ50Uuscp

Employers added 272,000 jobs in May – much more than expected – as the unemployment rate also ticked up to reach 4% for the first time in over two years, the Labor Department reported on Friday. Read more below. #SmallBusinessHR #HR #Recruiting #MayJobsReport #EmploymentData #JobMarket #UnemploymentRate #LaborStatistics #JobGrowth #EconomicUpdate #Workforce #LaborMarket #USJobs #MonthlyJobsReport #EmploymentFigures #EconomicIndicators #JobNumbers #JobsReportMay #EmploymentTrends #USLabor #JobSector #EconomicAnalysis #LaborDepartment #TAResources #TheTalentConnector

In December 2024, the U.S. labor market exhibited robust growth, as total nonfarm payroll employment increased by 256,000, surpassing economists' projections of 153,000 new hires. The U.S. Bureau of Labor Statistics reported that the unemployment rate held steady at 4.1%, showing minimal variation over the previous seven months. Sources: https://lnkd.in/gk-6zCb #CareerOpportunities #JobsInUSA #InternationalStudents #OPT #STEM #H1B

The latest report from the U.S. Bureau of Labor Statistics, The Employment Situation, highlights a positive trend in the labor market. Nonfarm payrolls increased by 206,000 in June, maintaining the unemployment rate at 4.1%. Key sectors such as government, health care, social assistance, and construction saw notable job gains. Meanwhile, the number of long-term unemployed rose by 166,000 to 1.5 million.   Source: https://lnkd.in/e8aFakB   #JobMarket #staffing #jobopenings #hirings #labormarket #EmploymentTrends

Virginia's labor market continues to show resiliency amid cooling labor trends in other states, according to the latest data from the U.S. Bureau of Labor Statistics. While the unemployment rate in the commonwealth inched up slightly to 3.0% in November, it is much lower than the 4.2% unemployment rate in the country overall. Virginia was one of four states that saw an increase in nonfarm payroll employment since the prior month. Additionally, employment levels were 1.7% higher compared to the same time last year. https://lnkd.in/g-MPvQuX

For those who say why are there so many people on the sidelines not working? Did you know that prime age labor force participation is at a two decade high? The reason the overall labor force participation rate will continue to decline is our nation is aging and about 11,000 people daily are retiring. There are some areas where we could definitely increase LFPR. An elevated number of young men aren’t working or attending school. Why aren’t these young men working? My theory is it is driven by substance use disorders and mental health. Also, we incarcerate more people than anyplace in the world. Young men are at the center of that. When I was practicing law, I saw most criminal cases involved SUDs/mental health. Very few felony plea transcripts I filled out indicated the young man graduated from high school. As more jobs require a postsecondary credential, young men are being left behind because they are pursuing education/training beyond high school at rates far less than young women. And mothers with children have a lower LFPR because we have less access to childcare than prepandemic. Increasing childcare access will improve LFPR, especially for mothers.

April figures from the Labour Force Survey are in, showing a rise in employment by 90,000 and an unemployment rate holding steady at 6.1%. What does this mean for hiring in your organization and industry? Let's connect! #Jobs #LHH #professionalservices #technicalservices #scientificservices

April figures from the Labour Force Survey are in, showing a rise in employment by 90,000 and an unemployment rate holding steady at 6.1%. What does this mean for hiring in your organization and industry? Let's connect! #Jobs #LHH #manufacturing

April figures from the Labour Force Survey are in, showing a rise in employment by 90,000 and an unemployment rate holding steady at 6.1%. What does this mean for hiring in your organization and industry? Let's connect! #Jobs #LHH #Labourforcegrowth