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New economic data showed showed hiring in the US labor market continues to slow, but layoffs remain low.. Data from ADP Wednesday morning showed 122,000 private payrolls were added in December ...
People have jobs, and they are spending, and that continues to bolster the economy and the labor market.” The US has now added jobs for 48 months in a row, tying the second-longest period of ...
How is the US job market right now? More broadly, even before the hurricanes and strikes, U.S. job growth was slowing from a monthly average of 267,000 in the first quarter.
Since 1960, foreign-born immigrant women have the lowest labor market participation rate between all of the groups in the United States. [58] The groups include immigrant men and individuals born in the United States. [58] Foreign-born immigrant women participate in the labor force between 75 and 78 percent lower than native born males. [58]
CBO issued a report in February 2014 analyzing the causes for the slow labor market recovery following the 2007–2009 recession. CBO listed several major causes: "To a large degree, the slow recovery of the labor market reflects the slow growth in the demand for goods and services, and hence gross domestic product (GDP).
Minimum wage by state by year. In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws. [4] The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional. [5]
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 ...
The US economy added more jobs than forecast in November while the unemployment rate ticked higher as the labor market rebounded from a month negatively impacted by severe weather and labor strikes.