Support the fact-based journalism you rely on with a donation to Marketplace today. Give Now!

While the manufacturing sector struggles, the services sector is doing just fine, thanks

Sep 4, 2024
The services sector has expanded in 47 of the last 50 months, according to the Institute for Supply Management. Several business owners in the sector report renewed strength this year.
The services sector is the primary employer in the U.S. It encompasses businesses including restaurants, hotels, marketing agencies, construction companies and laundromats.
Ed Jones/AFP via Getty Images

Increasing use of AI in job resumes is a mixed blessing

Aug 14, 2024
Jobseekers find it easier to write resumes to multiple employers with AI, but those hiring have more applications to sort through.
The share of jobseekers using generative AI increased to more than 50% in 2024, according to Julia Pollak at ZipRecruiter.
skynesher/Getty Images

Labor costs fell in July. That may be what the Fed's been looking for.

Aug 13, 2024
The decline helped bring the annual rate of inflation at the wholesale level down to 2.2%.
The decline in labor costs means a decline in jobs, or wages, or both. That's bad news for workers, but will it encourage the Federal Reserve to cut interest rates? Above, Fed Chair Jerome Powell.
Andrew Harnik/Getty Images

Getting creative in the competition for health care workers

Aug 13, 2024
Competition for medical workers can be fierce, requiring incentives like housing assistance or student loan repayments to recruit new hires.
As wages creep up in other industries, health care has to compete. Above, a nurse visits a patient at her home.
John Moore/Getty Images

How the consumers of Kent County, Michigan feel about the economy

Aug 6, 2024
The regional economy isn't in bad shape, but many folks say it's hard to get by.
Adreanah Neely says it's hard to find a job right now in Kent County.
Nancy Marshall-Genzer/Marketplace

Governments at all levels are hiring, and that's boosting the job market

Jul 17, 2024
The public sector is still recovering from pandemic turbulence. Due to upcoming retirements, it may stay active in the labor market for years.
Earlier in the pandemic, governments lost many workers to burnout and private-sector wage offers.
Stephen Maturen/Getty Images

June's jobs report indicates something we haven't seen in a while: normalcy

Jul 5, 2024
Conditions in the labor market increasingly look like they did before the pandemic.
Recent data shows a stable job market. To many, that's a relief after years of topsy-turvy pandemic-driven layoffs and labor shortages.
Frederic J. Brown/AFP via Getty Images

For public good, not for profit.

Continuing claims for jobless benefits reach highest point since 2021

Jun 27, 2024
The uptick seems to reinforce a number of recent signals showing moderation in the labor market.
Rising continuing unemployment claims mesh with other recent data. Job openings have been declining, for instance, and so have quits.
Getty Images

Bad news for the job market could be good news for inflation

Jun 13, 2024
Initial jobless claims hit a 10-month high last week. If that takes pressure off prices, the Federal Reserve might reduce interest rates.
Higher unemployment can contribute to the cooling of inflation, but it comes at the expense of people's livelihoods.
Chandan Khanna/AFP via Getty Images

Steady hiring and quitting rates may be a sign that workers are staying put

Jun 4, 2024
The data suggest the job market could be returning to more normal times after an exceptional period of hiring new employees.
The April JOLTS report is a sign the economy is coming back to a very good job market. It's just not the once-in-a-lifetime market of 2021 and 2022, says economics professor Ethan Struby of Carleton College.
SDI Productions/Getty Images