2022 Year in Review: A year of ups, downs and uncertainty
The stock market dropped in 2022. So did the unemployment rate. Except in Indiana, where in both cases, the numbers crept up.
Read MoreThe stock market dropped in 2022. So did the unemployment rate. Except in Indiana, where in both cases, the numbers crept up.
Read MoreHost Mason King talks with Fred Payne, commissioner of the Indiana Department of Workforce Development, about what the state is doing to help more Hoosiers find jobs and more companies find workers.
Read MoreHealth care, which has been buoying the labor market for months, lost 28,000 positions in February, reflecting major strikes in California and New York. The information sector, which includes tech and media, shed 11,000 positions.
Economists were encouraged by the lower unemployment rate, which had risen in the previous four straight reports.
The Labor Department reported that businesses posted far fewer jobs in November than the previous month, a sign that employers aren’t yet ramping up hiring even as growth has picked up.
The minutes showed that even some Fed officials who supported the rate cut did so with reservations, with some saying they wanted to wait for more data before making any further moves.
However, since March, job creation has fallen to an average 35,000 a month, compared to 71,000 in the year ended in March.
The November job gains were higher than the 40,000 economists had forecast.
For now, the U.S. job market appears stuck in a “low-hire, low-fire” state that has kept the unemployment rate historically low.
Sizable layoffs have continued to pile up—raising worker anxieties across sectors. Here are some of the largest job cuts announced recently:
Retailers’ hiring plans mark the first clues to what’s in store for the U.S. holiday shopping season and come as the U.S. job market has lost momentum.
The weak numbers make it all but certain that Federal Reserve will cut its benchmark interest rate at its next meeting.
U.S. markets recoiled at the jobs report and the Dow Jones industrial average tumbled more than 600 points at the opening bell Friday.
June numbers were surprisingly strong. Health care jobs increased by 39,000. State governments added 47,000 workers and local governments 33,000.
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.
Tuesday’s report showed that the number of Americans quitting their jobs—a sign of confidence in their prospects—fell, while layoffs ticked higher.
Wisconsin argues the organization doesn’t qualify for an exemption because its day-to-day work doesn’t involve religious teachings.
The Labor Department reported Tuesday that employers posted 7.4 million job vacancies in April, up from 7.2 million in March.
Hiring came in above economists’ expectations and the unemployment rate remained unchanged, the Labor Department reported Friday.
The data was collected the second week of February, when Elon Musk’s Department of Government Efficiency was beginning to cut agency workforces and federal contracts and grants were frozen or cut.
The unemployment rate ticked down to an even 4%, signaling a still very healthy labor market.
For eligible Hoosiers on unemployment, Gov. Mike Braun said he wants the state’s unemployment program to provide more job assistance support and become a “springboard” for opportunity.