November’s job market saw a total of 263,000 jobs gained with 221,000 in the private sector and 42,000 in the public sector. The unemployment rate remained steady at a historically low 3.7% as the labor force participation rate declined slightly to 62.1% — contributing to an ongoing tight labor market. Job openings declined to 350,000 following the 400,000 openings last month, keeping openings 48% higher than pre-pandemic levels. Unemployed workers per job opening remained around two jobs per unemployed worker. Average hourly earnings grew at a rate of 0.6%, the fastest in 10 months as hiring demand still outpaces the supply of workers.
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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
Labor Market Analysis
Hiring dramatically picked up in January with 353,000 jobs added — 317,000 in the private sector and 36,000 in the public sector, according to the U.S. Bureau of Labor Statistics.
Read More www.astoncarter.com/en/insights/labor-reports/february-2024-labor-market-analysis
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