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Indeed’s Hiring Lab released its 2024 jobs and hiring trends report this morning, examining changes in job postings, labor force participation, quit rates, wage growth, and generative AI in 2023 ...
The US labor market entered a new gear in the second half of 2024. ... Job growth has not only slowed overall but recent hiring trends have been concentrated in just a handful of sectors. Bank of ...
Still, there's been a clear slowdown in the labor market. The unemployment rate has steadily crept up in 2024 and sits at 4.2%, near its highest level in almost three years. Meanwhile, job gains ...
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]
April 9, 2024 at 7:00 AM. Paul Bersebach/MediaNews Group/Orange County Register/Getty Images. ... Taken together, that could mean the life expectancy of the current labor market isn’t very long.
Factory employment was expected to increase by 0.8 percentage point in 2025 relative to December 2024 levels. ... and forecast their labor and benefit costs rising 3.5%.
On Friday, the Bureau of Labor Statistics reported the latest monthly payroll data for the U.S. economy. Total employment rose by 175,000 in April. The unemployment rate rose slightly to 3.9% from ...
Unit labor costs - the price of labor per single unit of output - increased at a 0.8% annualized rate last quarter, the Labor Department's Bureau of Labor Statistics said.