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115,000
America’s employers delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war, reported the AP. Hiring beat the 65,000 jobs forecasters had expected, though it decelerated from the 185,000 jobs created in March. The unemployment rate remained at a low 4.3%, the Labor Department reported Friday.
92,000
“The U.S. lost 92,000 jobs in February, a sign that the job market continues to struggle across a broad range of sectors,” the Wall Street Journal reports. “The unemployment ticked slightly higher to 4.4%.”
1.1 million
Companies said they laid off 153,074 employees last month, the most since 2003, according to a report the consulting firm Challenger, Gray and Christmas published yesterday. That’s nearly triple the number of jobs cut in September, and it puts the total for the year through October at almost 1.1 million jobs lost—44% more than in all of 2024. Most of October’s redundancies came from just two industries. Warehouses were the biggest job cutters last month with 48,000 layoffs, followed by 33,000 in tech. Amazon, UPS, Paramount, and Target were just some corporate names that announced layoffs last month.
227,000
America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls, reported the Associated Press. Last month’s hiring growth was up considerably from a meager gain of 36,000 jobs in October. The government also revised up its estimate of job growth in September and October by a combined 56,000.
254,000
“The pace of hiring picked up strongly in September and the unemployment rate ticked down to 4.1%, signs the economy had continued momentum in a month the Federal Reserve delivered its first interest-rate cut in four years,” the Wall Street Journal reports.
336,000
The US economy added 336,000 nonfarm jobs in September, nearly double the 170,000 jobs economists had predicted and surpassing the upwardly revised 227,000 jobs in August, according to government data released yesterday. The latest figure is the largest monthly increase since January. Most of the jobs in September were added in leisure and hospitality (96,000), government (73,000), and healthcare (41,000). Average hourly earnings in September were up 0.2% month-over-month and 4.2% year-over-year, slightly down from estimates of 0.3% and 4.3%. The unemployment rate held steady at 3.8% from the previous month. See all data here.
209,000
The U.S. labor market added 209,000 jobs in June, while the unemployment rate ticked down to 3.6%, the government said Friday, reports Axios.
9.59 million
US job openings dropped to 9.59 million in March, roughly 1.6 million fewer than in December, according to government data released yesterday. Analysts claim the figure—the lowest level in nearly two years—indicates the tight labor market is normalizing, which the Federal Reserve sees as a necessary step in reducing inflation (see explanation).
780,000
New analysis from Moody’s Analytics finds that Speaker Kevin McCarthy’s plan to cut spending and lift the debt ceiling “would meaningfully increase the likelihood” of a recession and result in 780,000 fewer jobs by the end of 2024 compared with a clean bill to lift the debt limit.
311,000
“U.S. hiring grew solidly but cooled some in February as employers added 311,000 jobs, while unemployment rose to 3.6%,” the Wall Street Journal reports.
