The monthly jobs report is actually two reports based on two surveys that use different sources for different information.
China’s job hunters say there are fewer decent jobs and more applicants, whether they’re seeking manual work or office positions.
The data is in line with pre-COVID claims volume, and the job market often sags in January.
That’s 3% fewer than a year ago. If it keeps dropping, it could be a sign the labor market is getting warmer.
Some Americans work a second job to make ends meet. Others do it to build up cash or gain experience in a different field.
People are “getting really personal” and leveraging their social media networks, says Danielle Abril of The Washington Post.
The Fed’s Beige Book reports shortages in industries including technology, manufacturing and construction.
The September rate cut raised hopes for a sturdy labor market into next year and beyond. The effect on jobs, though, may take time.
Austan Goolsbee talks about the Fed’s timing in moments of transition, if COVID is still affecting the economy, and why he’s a “data dog.”
KPMG’s latest U.S. CEO Outlook survey finds that more than 70% of corporate executives feel AI “will not dramatically change their workforce.”