Job growth continued at a slow rate in July, with 187,000 jobs added (only 22,000 fewer than last month), 172,000 of which were added in the private sector and 15,000 in the public sector. The unemployment rate slightly decreased to 3.5%, only 0.1% higher than the 2023 low of 3.4%. The labor force participation rate remained unchanged for the fifth month in a row, still 0.7 percentage points below pre-pandemic levels.
Unemployed workers per job opening remained the same, about 1.6 jobs per unemployed worker, as job openings continued to cool to 9.58 million, still 41% higher than pre-pandemic levels. Potential workers per job opening — which includes part-time workers who want full-time work, those who left the labor force but want to work and those who are unemployed — remained below historic levels (2.0) at 1.62.
Labor Market Analysis
Job growth continued in August, with 187,000 jobs added, 179,000 in the private sector and 8,000 in the public sector.
Read More www.astoncarter.com/en/insights/labor-reports/september-2023-labor-market-analysis
Labor Market Analysis
Job growth increased in September, with 336,000 jobs added — while the unemployment rate remains historically low.
Read More www.astoncarter.com/en/insights/labor-reports/october-2023-labor-market-analysis
Labor Market Analysis
Job growth continued to accelerate last month as the U.S. economy added 275,000 new jobs in February, according to the U.S. Bureau of Labor Statistics. Read more about February's labor market trends in this month's report.
Read More www.astoncarter.com/en/insights/labor-reports/march-2024-labor-market-analysis
US - EN
