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Stories Tagged as

Jobs report

Why are mortgage rates going up again?

by Samantha Fields
Oct 9, 2024
It's all about expectations. Mortgage rates fell in anticipation of the Fed cutting interest rates. But then came the strong September jobs report.
That strong jobs report last week likely helped push mortgage rates back up.
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Why economists are struggling to predict jobs growth

by Sabri Ben-Achour
Oct 8, 2024
The increasingly dynamic nature of the American economy since the COVID-19 pandemic has wrought deep changes.
Although economists are less inaccurate with their jobs growth predictions than they were earlier in the pandemic, some key indicators are still incongruent with our economic reality.
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Why is there more work for specialty contractors like electricians?

by Stephanie Hughes
Oct 4, 2024
It has to do with building new data centers and retrofitting old office buildings.
The specialty contractors sector includes electricians, plumbers and painters. Most of the new jobs in the sector are in nonresidential work.
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As the labor market cools, keep an eye on this number in the jobs report

by Sean McHenry
Oct 3, 2024
It looks at the concentration of job growth. When it's above 50, more industries added jobs than shed them that month.
The monthly jobs report includes an analysis of which sectors added and lost jobs. The Federal Reserve is likely keeping an eye on it.
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June's jobs report indicates something we haven't seen in a while: normalcy

by Mitchell Hartman
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
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How many jobs are being gained or lost due to AI? There are some clues.

by Mitchell Hartman
Jun 7, 2024
The Bureau of Labor Statistics' monthly survey doesn't track jobs added or subtracted due to AI – at least not yet.
Axel Heimken/AFP via Getty Images
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How did the closely watched jobs report get its start?

by Mitchell Hartman
Jun 6, 2024
The survey of employers was created to help answer puzzling questions about labor.
It wasn't until the recession of 1913-1914 that the Bureau of Labor Statistics began regular surveys of employers.
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Black unemployment seems to be rising. But other indicators of Black employment are strong.

by Mitchell Hartman
Apr 8, 2024
It's possible that higher unemployment means more Black workers are coming back into the labor market.
The recent Black unemployment rate uptick is worth watching, said economist Elise Gould. But, she points out that it's still quite low by any historical measure.
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Wage growth outpaced inflation in March

by Mitchell Hartman
Apr 5, 2024
That's good for workers, who have been experiencing positive real wage growth since May 2023.
“And so workers are coming out ahead. They’ve now experienced positive real wage growth since May of 2023,” says Julia Pollak at ZipRecruiter.
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Restaurant hiring affected by warmer weather, lingering pandemic habits

by Stephanie Hughes
Mar 8, 2024
The number of people employed at restaurants and bars went up 0.3% in February from the month before.
A slowdown in construction work has meant an influx of job applicants for back-of-house positions, says restaurant owner Joshua Pollack.
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