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WASHINGTON (Reuters) -U.S. job openings unexpectedly increased in November while hiring softened, suggesting the labor market continued to slow at a pace that probably does not require the Federal ...
The American labor market has cooled from the red hot hiring of 2021-2023. Employers added 180,000 jobs a month in 2024 through November, not bad but down from 251,000 in 2023, 377,000 in 2022 and ...
Federal, state and local governments added 33,000; professional business services, 26,000; and manufacturing, 22,000. But retail lost 28,000 jobs after seasonal adjustments, a sign that holiday ...
The US labor market entered a new gear in the second half of 2024. Low-hire, low-fire. "We are in a 'low-hire, low-fire' environment," Bank of America's lead economist Aditya Bhave said in a note ...
And this current labor market is also becoming historic: With November’s gains, the US has added jobs for 47 consecutive months, making it the third-longest period of employment expansion on record.
“The labor market’s slowdown is now materializing with more clarity. Job gains have dropped below the 150,000 threshold that would be considered consistent with a solid economy.”
The labor force is the actual number of people available for work and is the sum of the employed and the unemployed. The U.S. labor force reached a record high of 168.7 million civilians in September 2024. [1] In February 2020, at the start of the COVID-19 pandemic in the United States, there were 164.6 million civilians in the labor force. [2]
The number of Americans filing new claims for jobless benefits fell last week, unwinding nearly half of the jump at the start of the month, indicating that labor market conditions remain fairly ...