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The number of Americans filing new applications for unemployment benefits rose slightly last week, pointing to steadily easing labor market conditions heading into the final stretch of 2024.
The last time there were back-to-back major hurricanes — Harvey and Irma in 2017 — the forecasts for the following month’s jobs report were for a loss of 33,000 positions.
Employers added 256,000 jobs last month, up from 212,000 in November, the Labor Department reported Friday. Unemployment, which was expected to hover around 4.2%, fell to 4.1% last month.
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 year-over-year wage gain was slightly less than economists had forecast. Over the past few years, the strength of the U.S. economy and the job market have surprised almost everyone. Responding to inflation that hit a four-decade high two and a half years ago, the Fed raised its benchmark interest rate – the fed funds rate -- 11 times in ...
The JOLTS report or Job Openings and Labor Turnover Survey is a report from the Bureau of Labor Statistics measuring employment, layoffs, job openings, and quits in the United States economy. The report is released monthly and usually a month after the jobs report for the same reference period. Job separations are broken down into three ...
[7] [8] Unavoidable turnover occurs under unavoidable circumstances, such as a family move, serious illness, or death. [7] [8] Internal vs External turnover: internal turnover occurs when employees leave their current position and obtain a new job within the same company. It is related to internal recruitment, in which companies fill vacancies ...
Job openings, a measure of labor demand, rebounded by 329,000 to 8.040 million by the last day of August, the Labor Department's Bureau of Labor Statistics said.