Labor market continues to surprise and unemployment rate falls
June numbers were surprisingly strong. Health care jobs increased by 39,000. State governments added 47,000 workers and local governments 33,000.
Hiring
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Truck dealer seeks tax breaks for $85M hub overhaul on south side
About 50 full-time jobs with an average pay of $29 per hour are expected to be created along with the expansion for Stoops Freightliner-Quality Trailer.
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IT outsourcing firm plans to hire 450 for new Indianapolis office
Tek Experts, which has more than 6,000 employees worldwide, just opened an office in Indianapolis. The company has received an offer of up to $2 million in state tax incentives based on its ambitious growth plans.
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Tech exec Mike Langellier joins High Alpha venture studio
Langellier, who stepped down in May as CEO of Indianapolis-based TechPoint, has joined Indianapolis-based venture studio High Alpha as an operating partner.
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Radial looking to fill seasonal positions in Brownsburg
Radial, which fills online orders for dozens of retail brands, opened its 700,000-square-foot Brownsburg distribution facility in 2019.
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Articles
Unemployment among young college graduates outpaces overall joblessness rate
The unemployment rate for degree holders ages 22 to 27 has reached its highest level in a dozen years, excluding the pandemic. Joblessness among that group is higher than the overall unemployment rate, and the gap is larger than it’s been in more than three decades.
Job gains for May exceed expectations amid some signs of weakening
Average hourly wages rose 0.4% from April and 3.9% from a year earlier—a bit higher than forecast.
Number of Americans filing for jobless benefits hits 8-month high
Tuesday’s report showed that the number of Americans quitting their jobs—a sign of confidence in their prospects—fell, while layoffs ticked higher.
Employers add better-than-expected 177,000 jobs as job market shows resilience
Hiring came in above economists’ expectations and the unemployment rate remained unchanged, the Labor Department reported Friday.
UPDATE: Ivy Tech taps outgoing Louisville public schools chief as next president
Martin Pollio, who will succeed Sue Ellspermann at Ivy Tech, has led Kentucky’s largest school district as superintendent since 2017.
Job openings fell to 7.2 million in March, lowest level since September
Meanwhile, the number of Americans quitting their jobs—a sign of confidence in the economy—rose modestly. And layoffs fell to the lowest level since June.
Slightly more Americans apply for unemployment benefits last week, but layoffs remain relatively low
Some analysts say they expect layoffs ordered by the Department of Government Efficiency to show up in the report in the coming weeks.
Carvana announces 200-job expansion at Plainfield site
Arizona-based used-car retailer Carvana says it intends to add inspection and reconditioning services at its auto auction site in Plainfield to establish what it calls a Megasite.
U.S. employers add 143,000 jobs, jobless rate falls to 4%
Most Americans still enjoy unusual job security. But for those looking for work, the job hunt has been getting harder compared with the red-hot hiring days of 2021-2023.
Which U.S. companies are pulling back on diversity initiatives?
A Meta official said Friday that the company is “building teams with the most talented people” instead of making hiring decisions based on protected characteristics.
U.S. job openings rose last month, but hiring slowed
Taken as a whole, Tuesday’s figures suggest that the job market might be stabilizing at a modest level, with hiring moderate but layoffs uncommonly low.
U.S. job openings fall to 3-1/2-year low
The Labor Department reported Tuesday that the number of job openings dropped to 7.4 million in September from 7.9 million in August.
Applications for jobless benefits fall, but continuing claims rise to highest level since 2021
The rising level of continuing claims suggests that some who are receiving benefits are finding it harder to land new jobs. That could mean that demand for workers is waning, even as the economy remains strong.
U.S. adds robust 254,000 jobs as unemployment dips to 4.1%
Given Friday’s stronger-than-expected hiring report, economists say the Fed will almost certainly cut its benchmark rate in November by a modest quarter-point, after its larger-than-usual half-point reduction in September.
Retailers expect to hire slightly fewer employees for the holiday shopping season
Overall, U.S. retailers are expected to add 520,000 jobs in the final quarter of this year, representing the second-lowest total since 2009.
U.S. job openings rise to more-than-expected 8 million
Job openings have come down steadily since peaking at 12.2 million in March 2022, but they remain above where they stood before the coronavirus pandemic hit the American economy in early 2020.
Weekly applications for jobless benefits fall to the lowest level in 4 months
Weekly filings for unemployment benefits, considered largely representative of layoffs, had risen moderately since May before this week’s decline.
Sluggish jobs report clears the way for Federal Reserve to cut interest rates
Collectively, Friday’s figures depict a job market slowing under the pressure of high interest rates but still growing.
U.S. job openings fall as demand for workers weakens
The number of job openings has been trending gradually down over the past year. Yet there are still roughly 1.1 job openings for every unemployed person, Wednesday’s report showed.