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By many measures, the U.S. labor market outlook for 2024 is characterized by stability and normalization following pandemic-era volatility. A dreaded recession appears less likely, inflation is ...

The labor market slowdown that we expect in later 2024 and 2025 should be sufficient to push wage growth fully back to normal, ensuring that inflation returns to 2%. Wage Growth Measures, % Year ...

The labor market has shown unambiguous signs of cooling, economists said. Recession could follow if the trajectory continues.

The August jobs report, which showed employers hired 142,000 new workers and the unemployment rate ticked down to 4.2% from 4.3%, “supported the story of ongoing moderation in the labor market ...

Labor Market Stays Strong But Signs Of Weakness Are Emerging. ... Second, the job vacancy rate announced on Wednesday was 4.3% — considerably down from a year ago (when it was at 4.9%). Third, a ...

The question for the labor market is how much is it slowing as the year heads into the final quarter. ... 2024, in Boston. ... down 200,000 from a downwardly revised 7.9 million in June.

And the ratio of job openings per unemployed person was 1.4 in February. That’s a lot lower than it was earlier in the pandemic but it’s a higher ratio compared to February 2019 when it was 1.1.

Initial jobless claims are one of the most highly watched indicators for the labor market. Given the length of the current expansion and the Fed's monetary policy actions — as the effective federal funds rate remained at 5.33 percent since August 2023 until September 2024 — worries of a recession have heated up throughout much of 2023 and 2024.

The labor market is seemingly locked in place: Employees are staying put, and employers aren’t searching for new ones. And the dynamic appears to be affecting white-collar professions the most.

A slowing labor market compared to earlier this year may not be encouraging news for job seekers, but for people currently employed there was good news: Average wages in August were up 3.8% from a ...

August 21, 2024 4:35 PM ET. Heard on All Things Considered. By . Jonaki Mehta , Ailsa Chang ... That said, it is evidence that the labor market has been slowing down for a while now. Sarah House ...

2. Despite heightened uncertainty, the labor market ended up close to where Fed officials predicted in December 2023. A second aspect of the labor market slowdown in 2024 was the gradual rise in the unemployment rate across the year, from 3.7% in January to 4.2% in November.

U.S. employers added just 114,000 jobs in July as the unemployment rate rose to 4.3%. The weaker-than-expected report is adding to fears of an economic slowdown.

As of February 2025, unfilled job vacancies were 4.5 percent of labor demand, down from just over 5 percent a year earlier. Labor shortages continue, though their impact varies by sector. Health care services, as well as accommodation and food services—sectors with low or slow productivity growth—have higher-than-average job vacancy rates.

Last week's jobs numbers confirm the U.S. labor market remains strong even though it may be slowing, with a 4.1% unemployment rate around what is considered full employment and employers adding ...

A similar dynamic is observed in other labour market indicators. We forecast that the unemployment rate will average 4.1% for 2024. In the light of worsening labour market conditions, we will revise up our forecast unemployment rate for 2025 to 4.3% (from 4.2% last month).

The US is still enjoying one of the best jobs markets in its labor history, but here’s a heads-up: there are signs of change around the corner. According to Goldman Sachs, the current pace of ...

In general, according to a 2024 Department of Labor survey of workers displaced between 2021 to 2023, older workers are more likely to exit the labor force. This could suggest there will be a higher rate of exit from the labor force than during other mass layoffs, thus minimizing the impact on the unemployment rate.

Nonfarm payrolls increase by 177,000 jobs in April; February, March payrolls count revised down by 58,000 jobs; Unemployment rate unchanged at 4.2%; labor force swells

Employers across the U.S. added 177,000 jobs in April, a sign the labor market remains healthy despite concerns rising U.S. tariffs.