Us Gains 315 000 Jobs In August. The Labor Market Is Still Strong But Showing Signs Of Cooling.

The hiring increase was basically in line with Wall Street estimates. Economists polled by the Wall Street Journal had forecast 318,000 new jobs. The unemployment rate, meanwhile, rose to 3.7 percent from 3.5 percent, the government said Friday, largely because more people entered the labor force looking for work. This is the highest unemployment rate in six months. The jobless rate last month hit a 50-year low in 2019, shortly before the coronavirus outbreak. U.S. stocks rose in premarket trading after the report. Investors concluded that the Federal Reserve may be pleased that the labor market has shown some signs of easing. The Fed wants to see the tightest labor market in modern times loosen to prevent high inflation from taking root in the economy. The labor shortage is driving up wages and contributing to the highest inflation in 40 years.

The economy may be slowing, but many companies are still hiring.

        Justin Sullivan/Getty Images

Hourly wages rose a modest 0.3% in August to $32.36, the smallest gain in four months. However, pay growth over the past year has remained at 5.2%, and this is still one of the fastest increases since the early 1980s. Unless the labor market cools significantly, investors worry, the Fed could raise interest rates high enough to send the economy into recession. One caution: The government’s initial estimate of employment in August often underestimates the actual number of jobs created. Later revisions tend to show significantly higher job gains. What would help ease the job crisis is more people getting back into the job hunt. In another good sign for the Fed, the so-called participation rate jumped to 62.4% from 62.1%. While the number of Americans with jobs finally returned to pre-pandemic levels this summer, the share of working-age people in the labor force is still surprisingly low. Big picture: The US economy appears to be moving at a steady growth rate and is not in immediate danger of recession. A strong labor market is a testament to the resilience of the economy. However, the likelihood of a recession will only increase the higher the Fed has to raise interest rates to quell inflation. The labor market will be a good indicator of how far the Fed should go. The Fed would have more room to slow the pace of rate hikes if hiring slows to 200,000 a month, the unemployment rate rises above 4% and other factors contributing to high inflation continue to ease. Key details: Businesses added 68,000 employees to lead hiring. Employment also increased in health care, hotels and restaurants, retail trade, manufacturing, finance and wholesale trade. No major industry reported a decline in employment, a sign of broad strength in the labor market. Strong job gains in July were little changed at 526,000. The government cut the number of new jobs created in June to 293,000 from 398,000. Looking ahead: “A rise in unemployment along with a modest increase in the participation rate means the labor market in August is less tight than it was in July,” said Jeffrey Roach, chief economist at LPL Financial. “Overall, this is a good report for those concerned about the inflationary effects of a tight labor market.” “So was that good or bad? Both,” said BMO Capital Markets senior economist Jennifer Lee. “This does not change the view that the labor market is ‘clearly out of balance’, the Fed chairman said, and will keep the central bank tightening through the end of the year.” Market reaction: The Dow Jones Industrial Average DJIA, +0.21% and the S&P 500 SPX, +0.24% rose after the report. The yield on the 10-year bond TMUBMUSD10Y, 3.188% fell slightly to 3.25%.

title: “Us Gains 315 000 Jobs In August. The Labor Market Is Still Strong But Showing Signs Of Cooling. Klmat” ShowToc: true date: “2022-11-17” author: “Eric Emory”

The hiring increase was basically in line with Wall Street estimates. Economists polled by the Wall Street Journal had forecast 318,000 new jobs. The unemployment rate, meanwhile, rose to 3.7 percent from 3.5 percent, the government said Friday, largely because more people entered the labor force looking for work. This is the highest unemployment rate in six months. The jobless rate last month hit a 50-year low in 2019, shortly before the coronavirus outbreak. U.S. stocks rose in premarket trading after the report. Investors concluded that the Federal Reserve may be pleased that the labor market has shown some signs of easing. The Fed wants to see the tightest labor market in modern times loosen to prevent high inflation from taking root in the economy. The labor shortage is driving up wages and contributing to the highest inflation in 40 years.

The economy may be slowing, but many companies are still hiring.

        Justin Sullivan/Getty Images

Hourly wages rose a modest 0.3% in August to $32.36, the smallest gain in four months. However, pay growth over the past year has remained at 5.2%, and this is still one of the fastest increases since the early 1980s. Unless the labor market cools significantly, investors worry, the Fed could raise interest rates high enough to send the economy into recession. One caution: The government’s initial estimate of employment in August often underestimates the actual number of jobs created. Later revisions tend to show significantly higher job gains. What would help ease the job crisis is more people getting back into the job hunt. In another good sign for the Fed, the so-called participation rate jumped to 62.4% from 62.1%. While the number of Americans with jobs finally returned to pre-pandemic levels this summer, the share of working-age people in the labor force is still surprisingly low. Big picture: The US economy appears to be moving at a steady growth rate and is not in immediate danger of recession. A strong labor market is a testament to the resilience of the economy. However, the likelihood of a recession will only increase the higher the Fed has to raise interest rates to quell inflation. The labor market will be a good indicator of how far the Fed should go. The Fed would have more room to slow the pace of rate hikes if hiring slows to 200,000 a month, the unemployment rate rises above 4% and other factors contributing to high inflation continue to ease. Key details: Businesses added 68,000 employees to lead hiring. Employment also increased in health care, hotels and restaurants, retail trade, manufacturing, finance and wholesale trade. No major industry reported a decline in employment, a sign of broad strength in the labor market. Strong job gains in July were little changed at 526,000. The government cut the number of new jobs created in June to 293,000 from 398,000. Looking ahead: “A rise in unemployment along with a modest increase in the participation rate means the labor market in August is less tight than it was in July,” said Jeffrey Roach, chief economist at LPL Financial. “Overall, this is a good report for those concerned about the inflationary effects of a tight labor market.” “So was that good or bad? Both,” said BMO Capital Markets senior economist Jennifer Lee. “This does not change the view that the labor market is ‘clearly out of balance’, the Fed chairman said, and will keep the central bank tightening through the end of the year.” Market reaction: The Dow Jones Industrial Average DJIA, +0.21% and the S&P 500 SPX, +0.24% rose after the report. The yield on the 10-year bond TMUBMUSD10Y, 3.188% fell slightly to 3.25%.

title: “Us Gains 315 000 Jobs In August. The Labor Market Is Still Strong But Showing Signs Of Cooling. Klmat” ShowToc: true date: “2022-11-18” author: “Ruth Mackey”

The hiring increase was basically in line with Wall Street estimates. Economists polled by the Wall Street Journal had forecast 318,000 new jobs. The unemployment rate, meanwhile, rose to 3.7 percent from 3.5 percent, the government said Friday, largely because more people entered the labor force looking for work. This is the highest unemployment rate in six months. The jobless rate last month hit a 50-year low in 2019, shortly before the coronavirus outbreak. U.S. stocks rose in premarket trading after the report. Investors concluded that the Federal Reserve may be pleased that the labor market has shown some signs of easing. The Fed wants to see the tightest labor market in modern times loosen to prevent high inflation from taking root in the economy. The labor shortage is driving up wages and contributing to the highest inflation in 40 years.

The economy may be slowing, but many companies are still hiring.

        Justin Sullivan/Getty Images

Hourly wages rose a modest 0.3% in August to $32.36, the smallest gain in four months. However, pay growth over the past year has remained at 5.2%, and this is still one of the fastest increases since the early 1980s. Unless the labor market cools significantly, investors worry, the Fed could raise interest rates high enough to send the economy into recession. One caution: The government’s initial estimate of employment in August often underestimates the actual number of jobs created. Later revisions tend to show significantly higher job gains. What would help ease the job crisis is more people getting back into the job hunt. In another good sign for the Fed, the so-called participation rate jumped to 62.4% from 62.1%. While the number of Americans with jobs finally returned to pre-pandemic levels this summer, the share of working-age people in the labor force is still surprisingly low. Big picture: The US economy appears to be moving at a steady growth rate and is not in immediate danger of recession. A strong labor market is a testament to the resilience of the economy. However, the likelihood of a recession will only increase the higher the Fed has to raise interest rates to quell inflation. The labor market will be a good indicator of how far the Fed should go. The Fed would have more room to slow the pace of rate hikes if hiring slows to 200,000 a month, the unemployment rate rises above 4% and other factors contributing to high inflation continue to ease. Key details: Businesses added 68,000 employees to lead hiring. Employment also increased in health care, hotels and restaurants, retail trade, manufacturing, finance and wholesale trade. No major industry reported a decline in employment, a sign of broad strength in the labor market. Strong job gains in July were little changed at 526,000. The government cut the number of new jobs created in June to 293,000 from 398,000. Looking ahead: “A rise in unemployment along with a modest increase in the participation rate means the labor market in August is less tight than it was in July,” said Jeffrey Roach, chief economist at LPL Financial. “Overall, this is a good report for those concerned about the inflationary effects of a tight labor market.” “So was that good or bad? Both,” said BMO Capital Markets senior economist Jennifer Lee. “This does not change the view that the labor market is ‘clearly out of balance’, the Fed chairman said, and will keep the central bank tightening through the end of the year.” Market reaction: The Dow Jones Industrial Average DJIA, +0.21% and the S&P 500 SPX, +0.24% rose after the report. The yield on the 10-year bond TMUBMUSD10Y, 3.188% fell slightly to 3.25%.

title: “Us Gains 315 000 Jobs In August. The Labor Market Is Still Strong But Showing Signs Of Cooling. Klmat” ShowToc: true date: “2022-11-29” author: “Tonya Gresham”

The hiring increase was basically in line with Wall Street estimates. Economists polled by the Wall Street Journal had forecast 318,000 new jobs. The unemployment rate, meanwhile, rose to 3.7 percent from 3.5 percent, the government said Friday, largely because more people entered the labor force looking for work. This is the highest unemployment rate in six months. The jobless rate last month hit a 50-year low in 2019, shortly before the coronavirus outbreak. U.S. stocks rose in premarket trading after the report. Investors concluded that the Federal Reserve may be pleased that the labor market has shown some signs of easing. The Fed wants to see the tightest labor market in modern times loosen to prevent high inflation from taking root in the economy. The labor shortage is driving up wages and contributing to the highest inflation in 40 years.

The economy may be slowing, but many companies are still hiring.

        Justin Sullivan/Getty Images

Hourly wages rose a modest 0.3% in August to $32.36, the smallest gain in four months. However, pay growth over the past year has remained at 5.2%, and this is still one of the fastest increases since the early 1980s. Unless the labor market cools significantly, investors worry, the Fed could raise interest rates high enough to send the economy into recession. One caution: The government’s initial estimate of employment in August often underestimates the actual number of jobs created. Later revisions tend to show significantly higher job gains. What would help ease the job crisis is more people getting back into the job hunt. In another good sign for the Fed, the so-called participation rate jumped to 62.4% from 62.1%. While the number of Americans with jobs finally returned to pre-pandemic levels this summer, the share of working-age people in the labor force is still surprisingly low. Big picture: The US economy appears to be moving at a steady growth rate and is not in immediate danger of recession. A strong labor market is a testament to the resilience of the economy. However, the likelihood of a recession will only increase the higher the Fed has to raise interest rates to quell inflation. The labor market will be a good indicator of how far the Fed should go. The Fed would have more room to slow the pace of rate hikes if hiring slows to 200,000 a month, the unemployment rate rises above 4% and other factors contributing to high inflation continue to ease. Key details: Businesses added 68,000 employees to lead hiring. Employment also increased in health care, hotels and restaurants, retail trade, manufacturing, finance and wholesale trade. No major industry reported a decline in employment, a sign of broad strength in the labor market. Strong job gains in July were little changed at 526,000. The government cut the number of new jobs created in June to 293,000 from 398,000. Looking ahead: “A rise in unemployment along with a modest increase in the participation rate means the labor market in August is less tight than it was in July,” said Jeffrey Roach, chief economist at LPL Financial. “Overall, this is a good report for those concerned about the inflationary effects of a tight labor market.” “So was that good or bad? Both,” said BMO Capital Markets senior economist Jennifer Lee. “This does not change the view that the labor market is ‘clearly out of balance’, the Fed chairman said, and will keep the central bank tightening through the end of the year.” Market reaction: The Dow Jones Industrial Average DJIA, +0.21% and the S&P 500 SPX, +0.24% rose after the report. The yield on the 10-year bond TMUBMUSD10Y, 3.188% fell slightly to 3.25%.