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Jobs

February job gains expected to slow

by Mitchell Hartman
Mar 10, 2023
January's outsized 517,000 payroll gain was well above expectations and sparked fears of more aggressive rate hikes by the Fed.
Economists and central bankers abound are watching today's jobs report to get a gauge on inflation.
Olivier Douliery/AFP via Getty Images
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U.S. adds a robust 311,000 jobs despite Fed’s rate hikes

by Associated Press
Mar 10, 2023
Employers added a higher-than-expected 311,000 jobs, while unemployment rose from 3.4% to 3.6%.
The 311,000 number is higher than most predictions, while unemployment rose from 3.4% to 3.6%.
Olivier Douliery/AFP via Getty Images
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Even as layoffs abound, jobless claims are falling

by Mitchell Hartman
Mar 7, 2023
Many workers laid off from tech jobs are finding new ones fast.
Layoffs have so far been concentrated in the tech sector, but the overall unemployment trend has remained near decade-lows.
Eblis/Getty Images
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Workers are staging more labor actions, thanks in part to the strong job market

by Mitchell Hartman
Feb 23, 2023
The number of labor actions has increased, as has the number of workers involved.
Nurses from Mount Sinai Hospital in New York strike outside the hospital. Labor action jumped by more than half in 2022 compared to 2021, according to recent data.
Michael M. Santiago/Getty Images
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A U.S. manufacturing boost is causing anxiety abroad

by Sabri Ben-Achour and Jarrett Dang
Feb 20, 2023
The Biden administration's reshoring efforts, aimed largely at cutting dependence on China, dismays allies who seek U.S. investment.
European Commission President Ursula von der Leyen. The EU and other American allies have expressed unease over the scope of U.S. government funding of domestic industries such as semiconductors and low-carbon energy equipment.
Kenzo Tribouillard/AFP via Getty Images
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A Year of War

Ukrainian refugees struggle to adapt to a new economic reality

by Stephen Beard
Feb 14, 2023
Russia’s invasion has displaced millions of people. Some are rebuilding their lives and businesses in other countries.
Ukrainian refugees stand in line to attend a job fair in Brooklyn on Feb. 1.
Angela Weiss/AFP via Getty Images
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Jobless claims remain historically low amid Fed's efforts to slow wage growth

by Lily Jamali
Feb 9, 2023
What does this mean for their anti-inflation strategy?
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on Feb. 1, 2023 in Washington, DC.
Kevin Dietsch / Getty Images
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In a "restructuring" economy, which industries gained and lost jobs in 2022

by Sabri Ben-Achour
Feb 8, 2023
Here are the industries that saw the biggest job gains and the ones still falling behind.
“It’s a large-scale restructuring, but the labor market goes through large-scale restructurings all the time," said Michael Montgomery of S&P Global Market Intelligence.
Joe Raedle/Getty Images
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As the job market cools, "job churn" is leveling off from historic pandemic highs

by Justin Ho
Feb 1, 2023
The more people switch jobs, the better the odds anybody can find a better one.
The number of job openings increased in December. But the rates at which people quit their jobs – and at which companies hire – have been stagnating over the last few months.
Spencer Platt/Getty Images
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Wage growth is slowing down. But is there an upside for workers?

by Justin Ho
Jan 31, 2023
Wages increased 1% in Q4. Inflation is also slowing. All that could impact whether — and by how much — the Fed hikes interest rates.
Wage growth slowed to 1% in Q4, but inflation has been slowing too.
Robyn Beck/AFP via Getty Images
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