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As the labor market cools, keep an eye on this number in the jobs report

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.
Joe Raedle/Getty Images

August JOLTS signals cooler jobs market. That's not bad news

Oct 1, 2024
The market is coming down from a hiring boom that wasn’t exactly sustainable.
Fewer people are leaving their jobs, according to latest JOLTS data.
Justin Sullivan/Getty Images

Atlanta Fed’s Bostic calls on patience amid the clamor for interest rate cuts

Aug 15, 2024
Despite high prices, “wages are growing faster than inflation," and families’ purchasing power is growing, he says.
"The first thing I think is inflation is getting back to target in an orderly way," says Raphael Bostic, president and CEO of the Atlanta Fed, about the CPI falling to 2.9%.
Stephen Nowland/Federal Reserve Bank of Atlanta

What can the Federal Reserve do about rising unemployment?

Aug 14, 2024
Many expect that the Fed will cut interest rates to stimulate the job market — but not everyone thinks that's a good idea.
If Federal Reserve Chair Jerome Powell, above, announces an interest rate cut in September, it could take awhile for that cut to stimulate the labor market.
Andrew Harnik/Getty Images

What does a normalizing job market look like?

Jul 30, 2024
Economists say the supply of jobs and workers is coming into better balance than during the labor shortages of the pandemic.
From May to June, little changed in terms of job openings, layoffs and quits. Take a birds-eye view though, and the labor market has slowed in the last year.
Michael M. Santiago/Getty Images

What would you do to try and avoid a layoff?

Jul 10, 2024
Even with a comparatively low unemployment rate, layoffs are rising. A new survey lays out some of the sacrifices workers are willing to make to avoid that fate.
Between 30% to 40% of workers would be willing to take a demotion or a pay cut, make a longer commute or be relocated to avoid layoffs.
Timothy A. Clary/AFP via 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

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Labor Department's June report showed a cooling job market

Jul 5, 2024
We know the labor market is slowing, but by how much? And what does that mean for wage growth?
Economists are awaiting the release of the June jobs report, which will provide updates on the nation's labor market. Above, Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee.
Alex Wong/Getty Images

Slowing job trends point to stabilizing labor market

Jul 2, 2024
Recent "boring" data suggests a return to normal, cooler employment conditions after a "red hot" streak.
Job openings on Indeed. The labor market is in a healthy, more balanced phase, economists say, after a period of widespread worker shortages.
Alex Wong/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