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The final jobs report of 2024 underscores that the economy and hiring were able to grow at a solid pace even with interest rates much higher than they were before the pandemic.
The 10-year projections cover economic growth, employment by industry and occupation, and labor force. They are widely used in career guidance, in planning education and training programs, and in studying long-range employment trends.
Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth, and corporate profits.
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 ...
Back in March 2023, the nation’s top economists thought the unemployment rate would hit 4.6 percent by March 2024 and employers would be cutting jobs. Instead, unemployment only rose to 3.8 ...
The latest Job Openings and Labor Turnover Survey (JOLTS) — which provides a sense of how much churn and movement there is in the job market — is the first major report to land in an economic ...
With these numbers, even though the labor force participation rate remained same, the aging in population still could affect and drag the LFPR down. According to the 2020 Current Population Survey, most men reported that they were not able to work due to higher education, ill health, or disability, however, this is a self-report.
The report leaves the Federal Reserve on course to cut its key interest rate by a quarter percentage point again this month, as most economists have expected, amid a generally cooling labor market ...