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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 ...
The American labor market has cooled from the red hot hiring of 2021-2023. Employers added 180,000 jobs a month in 2024 through November, not bad but down from 251,000 in 2023, 377,000 in 2022 and ...
"The labor market is now looser than pre-pandemic, and it’s clearly still cooling further, so far in, in a gradual and orderly way," Powell said. "We don’t think we need further cooling in the ...
There are many domestic factors affecting the U.S. labor force and employment levels. These include: economic growth; cyclical and structural factors; demographics; education and training; innovation; labor unions; and industry consolidation [2] In addition to macroeconomic and individual firm-related factors, there are individual-related factors that influence the risk of unemployment.
Each provides insight into the factors affecting employment. The Bureau of Labor Statistics provides a "chartbook" displaying the major employment-related variables in the economy. [37] [38] Members of the Federal Reserve also give speeches and Congressional testimony that explain their views of the economy, including the labor market. [39]
According to the News Release from the Bureau of Labor Statistics, foreign-born added more than 670,000 in 2021. This number was unchanged for the native-born. Regarding gender, foreign-born men contributed to the market more than men native-born in 2021, with 76.8%, and women's foreign-born rate is lower than women native-born at 56.6%.
A quarter point reduction would bring the Fed's policy rate to a 4.25%-4.50% range, a full percentage point below where it was in September when the central bank began cutting rates with ...
Those deficiencies make many labour market economists prefer to look at a range of economic statistics such as labour market participation rate, the percentage of people between 15 and 64 who are currently employed or searching for employment, the total number of full-time jobs in an economy, the number of people seeking work as a raw number ...