Job growth in the labor market continued to defy recession concerns with the addition of 253,000 jobs in April — 230,000 in the private sector and 23,000 in the public sector. The unemployment rate returned to 3.4% to match January’s rate, the lowest it’s been since the 60s. Job openings continue to soften, dropping to 9.5M job openings, though still 44% higher than pre-pandemic levels.
April’s labor force participation rate remained unchanged at 62.6%. The unemployment rate decreased to an extremely low 3.4%, as strong job growth in the labor market coupled with little change in the labor force allowed those looking for work to find it.
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 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
April’s jobs report showed job growth of 236,000 jobs added in March. Labor force participation has grown, and the unemployment rate decreased to 3.5%.
Read More www.astoncarter.com/en/insights/labor-reports/april-2023-labor-market-analysis
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