A Goldilocks Jobs Report: Solid Job Gains, Cooling Wage Growth
The May jobs report was yet another blockbuster with huge job gains: 390k jobs added—almost double the monthly average job gain before Covid. And job gains would have been even higher were they not restrained
Job Market Continues Running Hot
Today’s jobs report is another scorcher, with large employment gains broadly spread across the economy. The addition of another 428k jobs in April brings the number of jobs added in just the first four months
March Jobs Report Reaction: Blockbuster Job Growth, the Great Return, and Return to the Office
The four big stories in last week’s jobs report are continued blockbuster job growth, the accelerating return to work, a rapid return to the office, and soaring wage growth for non-managerial employees. Sustained Blockbuster Job
January 2022 Had the Tightest Labor Market on Record
Today’s JOLTS report underscores how remarkable the current labor market climate is. It is the tightest labor market on record, with nearly 5 million more job openings than unemployed Americans. And the Great Resignation continues,
The Jobs Recovery Accelerated as Omicron Faded
Quotes may be attributed to Julia Pollak, Chief Economist at ZipRecruiter, a leading online employment marketplace The U.S. economy added 678k jobs in February as Omicron faded, soundly beating expectations. Totals for the prior two
Pennsylvania Saw the Lowest Number of Layoffs in the Nation’s History
Only 1.1 million people — 0.8% of all U.S. employees— lost their jobs in December, according to the nationwide Job Openings and Labor Turnover survey. That is the lowest number of people laid off in
Despite Disrupting Employment in Multiple Ways, Omicron Barely Dented the Jobs Recovery
Over the past 16 months, there has been a strong relationship between daily new Covid cases and employment. If that relationship had continued to hold true even as daily new Covid cases surged to 800,000
2021: A Record-Breaking Year for U.S. Labor Market
Today we received the last piece of the 2021 employment puzzle from the jobs report released by the U.S. Bureau of Labor Statistics. The U.S. economy added 199k jobs in the month of December, and
The Job Market Warmed Up in October, With Still More Fuel in the Tank
Hiring picked up in October as the Delta surge waned, with the vast majority of industries contributing job gains, particularly leisure and hospitality. The jobs report, released by the U.S. Bureau of Labor Statistics today,
The Job Market Continues to Make Progress Despite Delta Surge
The August 2021 jobs report released by the U.S. Bureau of Labor Statistics this morning shows that the job market continued to make progress, despite a major Covid surge attributed to the Delta variant. Cases