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.
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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.
Big fix to jobs data shows labor market was far weaker than previously reported
The government reported Wednesday that the economy created 818,000 fewer jobs from April 2023 through March 2024, in the biggest revision to federal jobs data in 15 years.
Japan’s Nikkei index has its worst day in decades as markets quake over risks to US economy
A report Friday showing hiring by U.S. employers slowed last month by much more than expected has convulsed financial markets, vanquishing the euphoria that had taken the Nikkei 225 to all-times highs of over 42,000 in recent weeks.
U.S. added just 114,000 jobs in July; unemployment rate rises to 4.3%
Friday’s report from the Labor Department showed that employers added 35% fewer jobs than forecasters had expected and the unemployment rate hit its highest level since October 2021.
U.S. job openings fall slightly, but remain higher than expected
Layoffs dropped to 1.5 million, lowest since November 2022 and down from 1.7 million in May, a sign that employers remains reluctant to let go of staff.
Economy added 272,000 jobs in May, surging past expectations
The hotter-than-expected data complicates the overall picture of the labor market as Federal Reserve policymakers look for signs of a softening economy as an indication that inflation can come down enough to lower high interest rates later in the year.
U.S. job openings fall to 8.1M, lowest since 2021
Openings remained at historically strong levels despite high interest rates and signs the economy is slowing.
U.S. job openings fall to lowest level in more than 3 years
The number of Americans quitting their jobs fell to the lowest level since January 2021—a sign of diminishing confidence in their ability to find something better. But layoffs fell.
Employers added 303,000 jobs in March, soaring past expectations
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.
Free weekend clinic to educate youth about non-playing basketball careers
Spots are still open for The Business of Basketball, a free clinic that’s part of the NBA’s effort to develop youth interest in basketball.
Job cuts part of Hillenbrand’s ‘restructuring’ plan
Indiana-based Hillenbrand Inc. is planning to launch a program designed to reduce costs and improve operational efficiency after what is being described as a weaker-than-expected performance from one of its primary business segments.
Salesforce to cut about 700 workers, adding to tech layoff flood
Other tech companies, such as Microsoft Corp., Alphabet Inc.’s Google and Amazon.com Inc., also signaled layoffs this month.
Once red hot, job market has cooled; unemployment still low
Employers are doing a lot less hiring than they were a year ago—a sign that the job market in Indianapolis, and nationwide, has cooled considerably.
Few students signed up for career scholarships, as lawmakers look to expand the law
Just over 200 Indiana students received state funding for job training in the first year of the state’s Career Scholarship Accounts program.
Translation app Duolingo fired some contract workers in favor of AI
Language-learning app Duolingo has been steadily firing contract writers and translators and replacing them with artificial intelligence, in one of the most high-profile instances yet of a company getting rid of human workers in favor of AI.
U.S. employers add surprisingly strong 216,000 jobs in sign of continued economic strength
The strength of the December hiring, combined with strong wage gains and a declining labor force, could complicate the Federal Reserve’s efforts to guide the United States to a “soft landing.”
U.S. labor market seen cooling in 2024, Fed surveys show
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.
Is economy on track for soft landing? Jobs report might offer clues.
The November jobs report from the Labor Department is expected to show that employers added a still-solid 172,500 jobs last month, according to a survey of economists by FactSet.
U.S. job openings fall to lowest level since March 2021 as labor market cools
The unemployment rate has come in below 4% for 21 straight months, the longest such streak since the 1960s.