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US economy adds 303,000 jobs, unemployment falls to 3.8% in March as labor market continues to impress The US economy added more jobs than expected in March while the unemployment rate ticked lower, underscoring signs the labor market remains on stronger footing than many economists had predicted. Data from the Bureau of Labor Statistics released Friday showed the labor market added 303,000 nonfarm payroll jobs in March, significantly more than the 214,000 expected by economists. Meanwhile, the unemployment rate decreased to 3.8% from 3.9% in February. #economy #jobsreport #unemployment #techjobs # https://lnkd.in/guamgYqt

February's jobs report by the key numbers: ⏺ Nonfarm payrolls: +275K vs +200K expected ⏺ Unemployment rate: 3.9% vs 3.7% expected ⏺ Avg. hourly earnings, MoM: +0.1% vs +0.2% expected ⏺ Avg. hourly earnings, YoY: +4.3% vs +4.3% expected ⏺ Avg. weekly hours worked: 34.3 vs 34.3 expected An increase in the unemployment rate for the first time in four months and downward revisions to job growth in prior months suggested signs of some softening in the US labor market. https://lnkd.in/gyivnGib

The unemployment rate was 3.5%, against a consensus estimate that the jobless level would hold steady at 3.6%.The rate is just above the lowest level since late 1969" #180Engineering #Jobs #Hiring #Unemploymentrate #BLS #labormarket #talentacquisition #hr

The unemployment rate ticked up again to 3.9% in April as the economy only added 175,000 new jobs. Analysts had been expecting closer to 250,000 new jobs. What's interesting is that there were only 8,000 new government jobs. New government jobs had been averaging about 50,000 per month, suggesting that government jobs had been carrying much of the load. https://lnkd.in/dzE9Sddg

Sector by sector performance varies, but the top line jobs report is strong. The national unemployment rate remains close to all time lows. Steady numbers like this should be a good sign for the economy in 2024.

The US unemployment rate has risen to a two-year high despite hiring trends remaining strong in ceratin areas, a new study has shown. The labor market is gradually downshifting towards a soft landing, which is a positive sign. Earlier this year there were moderate job and pay gains that suggest the economy will keep expanding without much risk of a reacceleration in inflation. This could eventually lead to lower interest rates. Delve deeper here: https://yhoo.it/43LFatK www.defined-calculus.com #USJobMarket #USLaborMarket #USUnemploymentRate

US job growth accelerates in February; unemployment rate rises to 3.9%😲 U.S. job growth picked up speed in February, with nonfarm payrolls increasing by 275,000 jobs. However, the unemployment rate rose to 3.9%, and wage gains moderated, leading to speculation about a potential interest rate cut by the Federal Reserve in June. Despite this, the labor market is robust, supporting the economy, and economists do not foresee a recession this year. Some sectors continue to struggle with labor shortages, but overall, employers are holding onto workers. Fed Chair Jerome Powell indicated that rate cuts might be necessary later in the year, depending on economic conditions. Click the below link to read the full article. KPG99 INC The Economic Times #KPG99 #EconomicTimes #News #Updates #Information #US #Job #Staffing

The US unemployment rate has risen to a two-year high despite hiring trends remaining strong in ceratin areas, a new study has shown. The labor market is gradually downshifting towards a soft landing, which is a positive sign. Earlier this year there were moderate job and pay gains that suggest the economy will keep expanding without much risk of a reacceleration in inflation. This could eventually lead to lower interest rates. Delve deeper here: https://yhoo.it/43LFatK www.defined-calculus.com #USJobMarket #USLaborMarket #USUnemploymentRate

"The US labor market added more jobs than expected in May, defying previous signs of a slowdown in the economy. Data from the Bureau of Labor Statistics released Friday showed the labor market added 272,000 nonfarm payroll jobs in May, significantly more additions than the 180,000 expected by economists. Meanwhile, the unemployment rate rose to 4% from 3.9% the month prior. May's job additions came in significantly higher than the 165,000 jobs added in April." #economics #economy #finance #investing #business #money #education https://lnkd.in/gGj3EDai

Jobs data for March surprises to the positive, but will growth and wage increases cause Fed to delay rate cuts? > Job gains of 303,000 were stronger than forecast of 200,000 and higher than revised gains of 270,000 in February. > Unemployment rate at 3.8%, lower than February at 3.9% and lower than economic estimates. > Average hourly earnings rose 0.3%, higher than a revised 0.2% in February. #jobs #economy #employment #humanresources