Last month’s jobs report showed impressive job growth, a trend which can also be seen in March’s labor report with the addition of 236,000 jobs, 189,000 of which were in the private sector — slightly lower than the monthly average. For the sixth month in a row, labor force participation has been on the rise. That said, there are still 4.9M people not in the labor force who currently want a job. Despite the labor force participation rate increasing as demand continues to outpace the supply of available workers, the unemployment rate decreased to 3.5%. Job openings slowed, however, falling below the 10M mark for the first time since May 2021, still 42% above pre-pandemic levels.
Labor Market Analysis
Job growth increased in September, with 336,000 jobs added — while the unemployment rate remains historically low.
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Labor Market Analysis
Job growth accelerated in May with 339,000 jobs added — 283,000 of which were in the private sector and 56,000 of which were in the public sector.
Read More www.astoncarter.com/en/insights/labor-reports/june-2023-labor-market-analysis
Labor Market Analysis
May’s jobs report showed job growth of 253,000 jobs added in April. The unemployment rate was 3.4% and labor force participation rate remained at 62.6%.
Read More www.astoncarter.com/en/insights/labor-reports/may-2023-labor-market-analysis
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