A pre-Labor Day flurry of data last week indicated the US job market is shifting to a lower gear but still capable of delivering enough fuel to keep the economy from sputtering.
Friday’s jobs report showed a 187,000 increase in August employment after downward revisions in the prior two months. Earnings growth cooled, but workers were also able to put in longer hours. More people entered the labor force too, helping bring supply and demand into better balance.
The index of aggregate weekly payrolls — which combines the length of the workweek, wages and the number of people on private-sector payrolls — advanced at an annualized 7.2% pace over the last three months, the fastest since November. That ratio and a decline in the number of persons who voluntarily left their jobs — both closely followed by economists and Federal Reserve officials to gauge potential inflationary pressures — suggest labor-market conditions are easing. The quits rate, which reflects job quitters as a share of total employment, dropped to 2.3% — the lowest since the start of 2021.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
🍕 Special Labor Day Offer: Get 2 Large 4-Topping Pizzas for ONLY $29.99!Looking for the perfect way to celebrate Labor Day with friends and family? Look no further! Fast Fired is OPEN on Labor Day, and we're offering an unbeatable deal you won't want to miss.
Lire la suite »
Biden Seeks to Mend Union Ties in Labor Day Trip to PhiladelphiaPresident Joe Biden is seeking to court union workers on Labor Day, part of a White House bid to shore up ties with a key part of his electoral coalition and sell his economic policies to skeptical voters.
Lire la suite »
Biden takes economic pitch to battleground Pennsylvania on US Labor DayBy Jeff Mason REHOBOTH BEACH, Delaware (Reuters) - President Joe Biden travels to Philadelphia on Monday to mark U.S. Labor Day in a political ...
Lire la suite »
Biden takes economic pitch to battleground Pennsylvania on US Labor DayBy Jeff Mason REHOBOTH BEACH, Delaware (Reuters) - President Joe Biden travels to Philadelphia on Monday to mark U.S. Labor Day in a political ...
Lire la suite »
Progress being made filling teacher vacancies in rural areas, says Education MinisterThousands of kids are heading back to the classroom this week in Newfoundland and Labrador after summer vacation. It&8217;s the first back to school season for Krista Lynn Howell, as Minister of Education. One of the top priorities is making sure there are enough teachers to fill positions in the province. Howell says there was […]
Lire la suite »
The middle class is getting its spending power back — but progress is 'fragile'A new household budget index from Primerica found the purchasing power of middle-income households increased in July but lags pre-pandemic times.
Lire la suite »