All articles tagged with #employment slowdown
The US job market in October showed signs of slowing with a slight increase in unemployment and fewer job postings, but overall employment remained stable, indicating a gradual slowdown rather than a collapse.
A forthcoming U.S. jobs report based on the Quarterly Census on Employment and Wages is expected to show a significant slowdown in job creation from April 2024 to March 2025, potentially revising down previous employment figures by up to 1 million, which could influence Federal Reserve rate decisions amid ongoing political debates over the accuracy of employment data.
The US job market is weakening, with July adding only 73,000 jobs, below expectations, and revisions for previous months showing even weaker growth. Factors like tariffs, immigration policies, and economic uncertainty are contributing to a stagnating labor market, characterized by low layoffs but also limited job movement and participation.
The US job market slowed in May with 139,000 new jobs added, reflecting uncertainty from the ongoing trade war and federal job cuts, while the unemployment rate remained steady at 4.2%. Economists anticipate further slowdown, and President Trump has called for lower interest rates to stimulate growth.