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The labor market is slowing as higher interest rates curb demand, consist ... US labor market loosening as weekly jobless claims hit three-month high. Lucia Mutikani. November 16, 2023 at 10:41 AM ...
To be sure, there have been recent signs of cooling in the labor market. The Job Openings and Labor Turnover Survey (JOLTS) showed the hiring rate held flat at 3.4% in December and is hovering ...
In other words, the labor market is far cooler than the "Great Resignation" days of 2022, but there haven't been any clear signs of rapid deterioration. Things are both healthy — and undramatic.
The latest data from the Bureau of Labor Statistics released Tuesday underscored these labor market trends, with the hiring rate holding steady at 3.4%, well below its 2022 peak of 4.6%, and near ...
In February 2022, Australian treasurer Josh Frydenberg reported that the labor market had been experiencing a "Great Reshuffle" rather than a "Great Resignation". [19] He also reported that over one million workers started new jobs in the three months prior to November 2021, an increase of almost 10% prior to the pre-pandemic average.
The labor force is the actual number of people available for work and is the sum of the employed and the unemployed. The U.S. labor force reached a record high of 168.7 million civilians in September 2024. [1] In February 2020, at the start of the COVID-19 pandemic in the United States, there were 164.6 million civilians in the labor force. [2]
Employers added 143,000 jobs in January amid slowdown in labor market. Aimee Picchi. ... On Friday, the Bureau of Labor Statistics said the nation's unemployment rate edged down to 4%, versus 4.1% ...
The extent to which immigrants displace native-born in the labor market is debated, but the data since 2000 is indicative of a significant level of displacement. The large number of working-aged persons outside the labor force would indicate a large influx of immigrants is not needed purely based on numbers, unless there is a skills shortage. [138]