Labor Market
134 Threads
Europe is bleeding tech talent, and no one's talking about it. A senior engineer in Paris makes $65K. The same role in Silicon Valley? $320K. This gap is creating the biggest tal...
I've heard many point to the near record high prime-age (i.e., 25-54-year-old) employment-population ratio as an indication that the labor market is still healthy. However, this i...
Overall the jobs report is reassuring. A healthy 142K jobs added, average weekly hours increased, participation stayed the same, and most importantly the unemployment rate fell bac...
Q2 productivity revised 0.2% higher to 2.5% Unit labor costs revised -0.5% lower to 0.4% Output revised +0.2%, hours worked unchanged. Amid the BLS labor revisions, the US produc...
⚠️US LABOR MARKET IS RAPIDLY CONTRACTING⚠️ The BLS releases job (non-farm payrolls) data for August on Friday. It is estimated the US economy added 165,000 jobs last month, above...
The big news in this morning's job release is the unemployment rate up to 4.3% while job growth slows to 114K, wage growth slows and average weekly hours fall. The only contra-indi...
The unemployment rate rose to 4.3% in July, and nonfarm payroll employment edged up by 114,000
Job openings and hiring data point to a labor market that keeps loosening: There were 1.2 openings for every unemployed worker in June, the lowest in the post-pandemic period. Th...
The ratio of job openings to the unemployed fell further and is now *below* where it was pre-COVID. Feb 2020: 1.22 Mar 2022: 2.01 May 2024: 1.24 June 2024: 1.20 https://t.co/HS6pL...
The economy added 206K jobs in June, continuing at about the same pace it has all year. The unemployment rate rose by 0.1pp but at the same time participation rose 0.1pp so the em...
The unemployment rate rose from 3.96% in May to 4.05% in June. It is now up +0.22pp since March (3.83%). The Sahm rule shows the three-month average is up +0.42pp from the 12-mon...
Job openings per unemployed worker remained at 1.2 for the second month in a row in May. That is what they were just prior to COVID. https://t.co/txW51CvkhU
Holy. Shit. The insane trend continues… In just May, 414,000 immigrants (legal and illegal) gained a job. Meanwhile, 663,000 native-born Americans LOST their job. Since pre-Covi...
A big 272K jobs added but the unemployment rate rises to 4.0% and labor force participation falls. This is an economy that continues to be strong (249K average jobs over the last t...
Labor market imbalances continue to ease. Job openings fell below 8.1 million in April, bringing the vacancy to unemployed ratio to 1.24, the level reached in October 2019 https:...
Job openings and quits both fell in March as a wide range of labor market indicators are consistent with a cooling economy--and a labor market that, broadly, is like where it was i...
The private-sector job vacancy rate fell to 5.3% in March, the lowest level since January 2021 There were 1.3 vacancies for every unemployed worker in March, the lowest since Augu...
Another month of very solid hiring for the U.S. economy Payroll growth rose by 303,000 in March and private sector firms added 232,000 jobs. The unemployment rate ticked down to...
Job vacancies as measured by the JOLTS series have continued to drift lower from levels that are still above their pre-pandemic highs There were fewer than 1.4 open jobs for every...
Perhaps the biggest excitement in today's JOLTS was that “education & health services” industry was renamed “private education and health services” and “educational services” was...
The employment-cost index is seen inside the Fed as the highest-quality measure of compensation growth. Q4 data shows the labor market continued to cool. Wages and salaries for p...
I think we have figured out at least one key part of the mystery as to how avg. Chinese manufacturing wages can be so much higher (3-4x) than those in these other countries. Parti...
The latest Jolts report suggests job turnover continued to cool in November Openings fell below 9 million using a three-month moving average, the lowest in 2½ years There were 1....
Strong jobs report across the board: --199k job (above expectations) --Unemployment rate down & participation up --Hours up --Strong wage growth https://t.co/TpLzBZJBRI