Monthly employment reports provide crucial snapshots of labor market health, but headline numbers often mask important underlying trends. We assess wage growth patterns to determine whether workers are receiving their fair share of economic growth, and analyze labor force participation rates to identify barriers to employment.
Jobs Day
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56 Posts
Nov 03, 2023
The labor market is really softening now.
The September 2023 labor market data continued to show a strong labor market. The headline unemployment rate remained steady at 3.8%, and the establishment survey showed an eye-popping 336,000 jobs added in September—alongside an upwards revision of 79,000 and 40,000 jobs in July and August.
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Oct 04, 2023
The August 2023 labor market data points to a labor market that, while strong and not recessionary, is certainly slowing down more starkly than earlier this year. The headline unemployment rate increased to 3.8% from 3.5%, and the establishment survey showed 187,000 jobs added in August (albeit
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Aug 29, 2023
Jobs Day
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Aug 04, 2023
The July 2023 labor market data continues to confirm the story we’ve been telling for months: while slowing down, the labor market remains strong, with high levels of employment amidst a disinflationary environment. The headline unemployment number fell to 3.5% from 3.6%, consistent with our preview, and
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NFP
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Aug 02, 2023
The data from the June labor market shows continued strength in the labor market, with strong employment and wage growth. The headline unemployment number fell to 3.6% from 3.7% and the establishment survey showed a solid 209,000 jobs added in June, consistent with our preview. While below
