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Private sector employment fell last month, but wage growth is still on the rise. The unemployment rate is fairly low by historical standards.
The number of people who’ve been unemployed for two weeks or longer hasn’t been this high since late 2021.
Utah County has one of the youngest labor forces in the country — that’s a draw for some employers.
Among the resilient sectors: health care and AI.
Companies may be getting anxious, but layoffs are not the first thing they do in response.
Some owners who had planned to staff up are waiting to see how things shake out with tariffs and consumer spending.
The monthly jobs report is actually two reports based on two surveys that use different sources for different information.
Outside of chronically short-staffed sectors, many firms are finding qualified workers easily. Openings are scarce in some white-collar fields.
Private-sector hiring slowed down in February and small businesses cut jobs. Plus, new unemployment claims were up last week.
New research finds that larger fires can depress local hiring for up to three years.