
U.S. employers added 206,000 jobs in June in sign of continued economic strength
The unemployment rate ticked up from 4% to 4.1%, a still-low number but the highest rate since November 2021.
The unemployment rate ticked up from 4% to 4.1%, a still-low number but the highest rate since November 2021.
New research delves into hiring woes outside of low salaries, such as the lengthy bureaucratic process that can take up to 204 days to complete for federal public health jobs.
After a miniboom that powered the first quarter of 2024, the labor market cooled in April, reflecting job growth that looked more like the latter half of 2023. April’s job gains were the smallest reported since October.
Though layoffs remain at low levels, companies have been announcing more job cuts recently, mostly across technology and media.
The mother of the student is suing the district and transportation department for negligence for hiring an unfit employee.
Amid a shift in work habits prompted by the coronavirus pandemic and a squeeze in the tech industry, the downturn in hiring marks another setback in the boost Amazon had initially promised.
The unemployment rate fell to 3.8 percent last month, the Bureau of Labor Statistics reported Friday, extending the longest stretch of unemployment below 4 percent in five decades.
After reporting troubles in expanding headcount throughout the pandemic, many employers are now scaling back hiring plans without resorting to outright job cuts.
U.S. employers expect to hire less in 2024, according to several regional Federal Reserve bank surveys, a trend that’s set to limit wage gains and cool inflation pressures.
The acceleration in payrolls is at odds with recent reports that have depicted a softer hiring pace, an outcome favored by the Fed as it will help rein in demand and tame price pressures.
The National Federation of Independent Business’ “optimism index” in September was listed at 90.8, which is lower than the group’s 49-year average—98—for the 21st consecutive month.
Mainstream Fiber Networks, based in the Brown Country town of Nashville, says a investment from a New York firm will help bring broadband access to thousands of underserved rural Indiana communities.
After peaking early this year, the number of tech industry layoffs—and the number of companies cutting those jobs—appears to have slowed in recent months.
More than ever, Indianapolis-area companies are becoming so-called “second-chance employers” willing to hire people with arrest records and providing additional services to ex-offenders needing first jobs.
To attract women, trucking firms are working to make their work less unpredictable and time-consuming.
While some industries—such as manufacturing, warehousing, and retail—have slowed their hiring in recent months, they aren’t yet cutting jobs in large numbers.
The government’s report also showed that the number of people who quit their jobs in June fell sharply to 3.8 million, from 4.1 million, another sign the job market is slowing.
The June hiring figure reported by the government Friday is the smallest in 2-1/2 years. But it still points to a durable labor market that has produced a historically high number of advertised openings.
The four-week moving average of claims, which flattens some of the week-to-week fluctuations, rose to its highest level since November 2021.
The May jobs report reveals the 29th straight month of strong job growth that has come to define the pandemic recovery economy.