Job growth continued in August, with 187,000 jobs added, 179,000 in the private sector and 8,000 in the public sector. The unemployment rate slightly increased to 3.8%, the highest rate since February 2022, but still remains historically low. The labor force participation rate grew for the first time since March by 0.2% to 62.8%, bringing it closer to the pre-pandemic level (63.3%). Unemployed workers per job opening remained the same (1.5), and job openings remained at 9.58 million.
The core business areas Aston Carter supports saw growth in August, with finance and insurance adding 3,400 jobs and professional and business services spiking by 19,000 jobs.
Labor Market Analysis
Learn more about the latest labor market trends impacting employers in August 2023.
Read More www.astoncarter.com/en/insights/labor-reports/august-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
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