Job

Comments on January Employment Report

1 month ago   |   By Calculated Risk

This was a strong report, and the revisions show job growth was stronger over the last year than originally reported. With revisions: The 4.81 million jobs added, 2022 was the 2nd best year for job growth in US history behind only 2021 with 7.27 million.
The headline jobs number in the January employment report was well above expectations, and employment for the previous two months was revised up by 71,000, combined. The participation rate increased, and the unemployment rate decreased to 3.4% - the lowest rate since May 1969
Leisure and hospitality gained 128 thousand jobs in January. At...
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How major US stock indexes fared Friday 2/3/2023

How major US stock indexes fared Friday 2/3/2023

1 month ago   |   By Chron

Wall Street's rally hit a wall after a surprisingly strong jobs report fueled worries about inflation and higher interest rates.
The S&P 500 fell 1% Friday, its first drop in four days, though it took an up-and-down route to get there. The bond market was more decisive in thinking the strong jobs data may push the Federal Reserve to get firmer on high interest rates, which hurt the economy and markets. Treasury yields zoomed higher.
Tech stocks also weighed on the market following profit reports that were weaker than expected.
On Friday:
The S&P 500 fell 43.28 points, or 1%, to...
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Economic Roundup: A Stunning Jobs Report

1 month ago   |   By Economy

January's increase in U.S. payrolls was more than double our above-consensus forecast.
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U.S. unemployment just hit its lowest rate since 1969-economists aren't optimistic it'll last

1 month ago   |   By CNBC

The unemployment rate was 3.4% in January, the lowest it's been since 1969. Still, amid ongoing Fed hikes, economists aren't sure it'll stick.
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US adds a surprisingly strong 517,000 jobs despite Fed hikes

US adds a surprisingly strong 517,000 jobs despite Fed hikes

1 month ago   |   By Stl Today

U.S. employers added a robust 517,000 jobs in January in a sign of a still-strong labor market despite Fed rate hikes.
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Labor market off to a strong start in 2023: 517,000 jobs added in January as unemployment rate hits historic low

1 month ago   |   By Economic Policy Institute

Below, EPI economists offer their initial insights on the jobs report released this morning, which showed 517,000 jobs added in January, the unemployment rate hitting a historic low of 3.4%, and wage growth slowing.
From EPI senior economist, Elise Gould :
Read the full Twitter thread here .
The labor market is off to a strong start this year with 517,000 jobs added in January, an unemployment rate at a historic low of 3.4%, and wage growth that continues to decelerate, slowing down to 3.7% at an annualized rate .
- Elise Gould February 3, 2023
Message to the Fed: Wage growth continues to...
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Black women are gaining ground in the labor market but still face unique barriers

1 month ago   |   By CNBC

January's jobs data shows the unemployment rate fell for Black women. A tight labor market may be playing a role.
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Insurance Hiring Dips in January as Overall Hiring Rises by 517,000

1 month ago   |   By A.M. Best

Hiring zoomed upward in January and unemployment ticked down, but the insurance industry and related businesses did not contribute to the growth, the Bureau of Labor Statistics reported.
In the ...
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The latest jobs report is an all-time head scratcher and it could be showing us how the pandemic has permanently changed the labor market

1 month ago   |   By Fortune

“Today's jobs report is almost too good to be true."
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Employers add 517,000 jobs in January despite Fed's efforts 

1 month ago   |   By Finance Commerce

America's employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Fed's aggressive rate hikes.
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U.S. employers added 517,000 jobs in January

1 month ago   |   By NY Times

The hefty hiring figures defied expectations and underscored the challenges facing the Federal Reserve, which is trying to cool the labor market in its effort to tame rapid inflation.
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Boom in January jobs shows employers fear worker shortage more than recession

1 month ago   |   By CNBC

The super strong nonfarm payroll report underscores that employers are more worried about not having enough workers than they are about a slowing economy.
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January's ‘eye-popping' jobs report is going to make the Fed's inflation battle even harder

1 month ago   |   By Fortune

“Unless this labor market strength turns out to be a one-month blip...the Fed is likely to dig in and keep rates higher for longer," BMO Wealth Management's chief investment strategist Yung-Yu Ma said.
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Why is every tech company suddenly laying off about 6% of its workforce?

1 month ago   |   By Fast Company

Tech CEOs seem to have decided that when it comes to layoffs, about 6% of the workforce is a magic number.
As today's job report showed, the U.S. economy as a whole was still humming along nicely in January. But in the tech industry, the new year got off to a depressing start, with Amazon announcing on January 4 that it would be laying off 18,000 employees, or 6% of its corporate workforce. Microsoft followed suit a couple of weeks later, laying off 5% of its staff, and then Alphabet said it would be laying off 6% of its employees. In the days since, the downsizing trend has continued...
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Surprise! It's the best job market in 54 years, even if it doesn't feel like it

1 month ago   |   By Fast Company

Friday's government report painted a resilient labor market, with low unemployment, relatively few layoffs, and many job openings.
WASHINGTON - America's employers added a stunning 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive drive to slow growth and tame inflation with higher interest rates.
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Economic forecasters think hiring slowed a little bit in January

1 month ago   |   By NPR

The U.S. job market remains tight, with unemployment at or near a half-century low. The Labor Department reports Friday morning on job gains for the month of January.
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January's Job Report Allays Big Concerns About The Economy's Future

1 month ago   |   By Forbes

The January employment report was extremely strong by absolutely any standard.
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Jobs Report Shows Increase of 517,000 in January, Unemployment Decreases to 3.4%

1 month ago   |   By RIS Media

The U.S. added 517,000 jobs in January, and the unemployment rate saw a minor decrease to 3.4%, according to the latest Employment Situation Summary from the U.S. Bureau of Labor Statistics. The analysis found that along with the unemployment rate, the number of unemployed persons, at 5.7 million, changed little in January. The unemployment rate...
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