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J & J's December 2024 Jobs Report Snapshot is posted! The monthly jobs report from the U.S. Department of Labor provides an in depth review of how many jobs the economy created the previous month, how many people were unemployed, what kind of wage hikes workers received and more. It also delivers a comprehensive narrative of overall U.S. economic health. The jobs report provides the most comprehensive picture of employment in the U.S. J & J creates a monthly snapshot that distills the 40+ page report down to 1 page of the essentials. Enjoy! https://lnkd.in/eJG2RvVq

The last Jobs Report of 2024 just came out. You can read the 50 page report or checkout J & J's 1 page snapshot of all the important numbers.

#US employers added 142,000 jobs last month, the labor department announced on Friday, in one of the year’s most closely watched economic news releases. The release comes as the US #Federal Reserve (FED) prepares to cut interest rates for the first time since March 2020, and November’s election puts a spotlight on the state of the US economy. Data from the Bureau of #Labor Statistics released Friday showed the labor market added 142,000 nonfarm payroll jobs in August, more than the 165,000 expected by economists. Meanwhile, the #unemployment rate fell to 4.2%, from 4.3% in July.

Interesting to see...hiring has slowed down significantly and it's looking like wage growth will too. If you click into the link and look on our Research Institute's website, you can see it appears to be leveling out, vs. really dipping continuing to dip. So, not necessarily all bad news. One could even argue this is a good thing after a wild, wild west type boom in hiring, pay, inflation, etc. that never seemed like it would reach it's limits. #Business #Finance #Economy #Jobs #jobReports #employment #unemployment #jobhunting #jobhunt #hiring

The labor market continued to cool in August. Job creation among private employers slowed for the fifth straight month and wage growth was stable. The ADP National Employment Report is available at https://lnkd.in/dZdUgYvN. #labormarket #economy

SHRM Update: States reported that 242,000 workers filed for new unemployment benefits during the week ending June 8, an increase of 13,000 from the previous week’s revised level. U.S. employers added 272,000 new jobs in May, much more than expected, according to last week’s employment report from the U.S. Bureau of Labor Statistics. But despite the new jobs being created, the unemployment rate ticked up to 4 percent.

The latest employment statistics from the Office for National Statistics reveal important insights into the UK’s labor market. The October 2024 report highlights trends in employment rates, wage growth, and unemployment figures, reflecting the economic shifts impacting both employers and job-seekers. These updates are crucial for understanding current workforce dynamics and planning effectively for the future in today’s evolving market. For a full overview of the latest UK employment data, read more here: https://heyor.ca/Qyy1Os #EmploymentTrends #UKLabourMarket #WorkforceInsights #LegalRecruitment #ONS

WASHINGTON – The Acting Secretary of Labor Julie Su issued the following statement on the May 2024 Employment Situation report:  “Today, the Bureau of Labor Statistics reported that the American economy added 272,000 jobs in May, and the jobless rate was little changed at 4.0 percent. The rate of unemployment has been at or below 4 percent for the past 30 months, the longest stretch since 1970. These strong labor market indicators continue to point to strong, stable growth in the U.S. economy. “The labor force participation rate for prime-age women once again set a record high at 78.1 percent. Women have powered our nation’s economic recovery after the pandemic, and they continue to strengthen our labor force. In addition, employment gains last month were widespread across industries from healthcare, leisure and hospitality and jobs in local government like teachers, firefighters and other municipal workers. This broad-based growth points to President Biden’s economic vision in action, building an economy from the middle out and the bottom up, not the top down. "May was yet another good month for the American labor market. The Biden-Harris administration will continue to do all that we can to ensure that workers have opportunity and access to good jobs — the kind where workers aren’t just getting by but getting ahead.” 

Labour Market Update 📊 James Reed, Chairman of Reed, shared his thoughts with Sky News today on the concerning trends in the labour market. The latest Office of National Statistics (ONS) data paints a worrying picture: Vacancies declined for the 27th consecutive period, dropping by 34,000 to 841,000 - a new record streak. Payrolled employees fell by 35,000 in July and August. An additional 15,000 decline in payrolled employees in September (though this figure is provisional). That's a staggering 50,000 reduction in payrolled employees in just one quarter. Reed's data for September further illustrates the cooling labour market: Job postings are down 29% 📈 Salaries up by only 4% 💹 Job applications are up 32% 💹 While it's not time to panic, it is certainly time for both businesses and policymakers to take a careful, strategic approach to employment and labour market policies. In my view, we need thoughtful, supportive policies to help employers and employees weather this storm. This could include measures to stimulate job creation, support for businesses to retain employees, and programs to help workers upskill or reskill in response to changing market demands. As we move into the final quarter of the year, I advise both job seekers and employers to stay alert to these changing market conditions. Flexibility, adaptability, and a focus on skills development will be key in navigating the challenges ahead. What are your thoughts, are you feeling optimistic regarding the future of the labour market? 🤔 Link to post in the comments.

📢 July Employment Update 📢 The U.S. unemployment rate rose to 4.3% in July, with nonfarm payroll employment increasing by 114,000 jobs, according to the latest report from the U.S. Bureau of Labor Statistics. 📊 Key Highlights: Unemployment Rate: Increased by 0.2% to 4.3% Unemployed People: Up by 352,000 to 7.2 million Health Care: Added 55,000 jobs Construction: Added 25,000 jobs Transportation & Warehousing: Added 14,000 jobs Government Jobs: Increased by 17,000 jobs Labor Participation Rate: Steady at 62.7% Stay informed with Premier Staff Services for all your staffing needs in the healthcare or industrial sectors. We’re here to help you navigate these changes and connect you with top talent. #PremierStaffServices #EmploymentUpdate #JobMarket #UnemploymentRate #HealthcareJobs #ConstructionJobs #TransportationJobs #GovernmentJobs #StaffingSolutions #JobGrowth #LaborStatistics #LaborParticipationRate