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Usjobsreport

All articles tagged with #usjobsreport

economy2 years ago

"December Surprise: US Economy Outperforms with 216K Job Surge, Exceeding Expectations"

In December, the U.S. saw a significant increase in job growth with 216,000 nonfarm payrolls added, surpassing expectations and contributing to solid wage gains. Despite the unemployment rate remaining at 3.7%, concerns arose due to a large number of people exiting the labor force and downward revisions of job numbers for previous months. The robust job market and wage increases have led to reduced expectations of an imminent Federal Reserve rate cut. The economy added fewer jobs in 2023 compared to 2022, reflecting a cooling demand influenced by the Fed's rate hikes since March 2022. Key sectors such as government, healthcare, and construction saw job gains, while transportation and warehousing experienced a decline. Average hourly earnings rose by 0.4%, indicating a 4.1% increase year-on-year.

via Reuters.com|
##economy#federalreserve
economy2 years ago

"US December Jobs Surge Surprises with 216,000 Additions, Sparks Rate Cut Speculation"

The US economy added 216,000 jobs in December 2023, surpassing expectations and maintaining the unemployment rate at 3.7%. Wages rose by 0.4% monthly and 4.1% annually, slightly above forecasts. Despite the positive job growth, the labor force participation rate decreased to 62.5%, and average weekly hours worked slightly declined. Earlier data indicated a balance between worker supply and demand, with job openings at their lowest since March 2021, and wage growth slowing, reducing the risk of a wage-price spiral.

via Yahoo Finance|
##economy#inflation
economy2 years ago

"U.S. December Jobs Surge with 216K Additions, Surpassing Wall Street Forecasts"

The U.S. labor market exceeded expectations in December 2023, adding 216,000 jobs and maintaining an unemployment rate of 3.7%. Despite downward revisions for previous months, the total job gains for 2023 reached 2.7 million. The strong job growth, particularly in government, healthcare, and leisure sectors, suggests a resilient economy, which may affect the Federal Reserve's interest rate decisions. Average hourly earnings also rose, indicating persistent inflationary pressures. The robust labor data challenges the expectation of early policy rate cuts by the Fed, despite the belief that inflation is on a downward trend.

via CNBC|
##economicgrowth#economy
finance-and-economy2 years ago

"Treasury Yields Fluctuate Amid Mixed Economic Signals and Jobs Data"

U.S. Treasury yields saw a significant increase, with the 10- and 30-year rates experiencing their largest weekly rise since October after a strong U.S. jobs report indicated the addition of 216,000 new jobs in December, surpassing expectations. This robust employment data, coupled with a slight dip in service sector growth according to the ISM survey, has influenced market expectations, with traders now pricing in a slower timeline for Federal Reserve rate cuts. Despite this, the possibility of rate reductions remains on the horizon, with the first cut anticipated by some analysts as early as May.

via MarketWatch|
##economicdata#federalreserve
economics2 years ago

"December Jobs Report: A Mixed Bag for Hiring Trends and Market Impacts"

The upcoming US jobs report is expected to reveal that hiring in December was primarily concentrated in a few sectors, notably government, health care, and leisure and hospitality, with an estimated addition of 140,000 workers to payrolls. Bloomberg Economics suggests that many industries are likely not hiring, and there could be a persistent rise in the unemployment rate throughout the year.

via Bloomberg|
##economics#economy
economy2 years ago

"US Job Openings Plunge to Two-Year Low as Market Cools"

U.S. job openings decreased slightly in November, signaling a cooling labor market which may lead the Federal Reserve to cut interest rates in the near future. Despite the drop in job openings, layoffs, and quits, the labor market remains relatively strong, with job openings still outnumbering unemployed individuals. The manufacturing sector showed a slight increase in activity, but overall, the data suggests a stable economy that could avoid a recession, with expectations of continued moderation in wage growth and inflation.

via Reuters|
##economy#federalreserve
economy2 years ago

"U.S. Job Openings Hit Two-Year Low, Signaling Tougher Employment Landscape"

U.S. job openings have decreased to a 32-month low of 8.8 million in November, indicating a cooling off from the hiring boom as the Federal Reserve's higher interest rates take effect. This decline is seen as a sign of a slowing economy and labor market, with the aim of easing wage growth to help control inflation. Despite the drop in job openings and quits, the labor market remains robust, with expectations of steady job growth and no imminent recession. The job openings ratio to unemployed workers remains close to pre-pandemic levels, and the market awaits the upcoming jobs report for further insights.

via MarketWatch|
##economy#federalreserve