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WASHINGTON (Reuters) -U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labor market ended the year on a solid footing, reinforcing views that ...
But the changes they generated – societally in 1968 in the US and functionally around the globe in 2020 — weren’t as complete and as multidimensional as what I expect for 2024.
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 ...
The occupational employment projections, along with other information about occupations, are published in the Occupational Outlook Handbook and the National Employment Matrix. 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 ...
The economy is doing great, evidenced by a solid pace of nearly 3% economic growth as measured by GDP, a labor market that seems to be in the sweet spot with record employment numbers and few ...
Despite strong growth in both 2023 and 2024, the unemployment rate still rose 0.3 percentage points in each of those years. ... in front of a deeper slowdown in the labor market. And the reason ...
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 ...
While the report probably exaggerates the labor market slowdown, it aligned with consumers' deteriorating views of the jobs market. ... the smallest rise since July 2024, after an upwardly revised ...