Christian Hiles’ Post

Job growth continued in August, the unemployment rate ticked down slightly, and wage growth accelerated. The news on jobs was mixed. Nonfarm payrolls increased 142,000 in August, but revisions to June/July brought the net gain down to a modest 56,000. Click the link below to read more about the latest employment report and what it means for the economy as a whole. https://lnkd.in/eFmym9vf

U.S. ADDS 303,000 NEW JOBS IN MARCH 2024. Things are looking up. Are you ready for a role change? Would you like a new #project, #data, #IT, #IS, or #Saas role? Let's discuss making you highly competitive in 21 days or less! Check out my client endorsements, then Hit the "Book an Appointment" button on my profile. Have a great weekend, friends! #careercoach #jobreport #careerpath #careerdevelopmentcoaching

October job growth slowed to its weakest pace since late 2020, with storms in the Southeast and a major labor dispute impacting hiring. Nonfarm payrolls rose by just 12,000, far below the expected 100,000, marking the smallest gain since December 2020. The unemployment rate held steady at 4.1%, with a broader jobless measure also unchanged at 7.7%.

Another great #jobsreport for the US Economy. At the same time, if you're looking for work, it can be frustrating to see hiring happening when it isn't happening for you (especially if you are a senior-level exec).  The good news is that employers across the board see the stronger numbers and they start investing in hiring because they are more confident that the business will be there. As the job market tightens, companies (and bosses) become more open to leaving their own industry in search of talent from an aligned or an adjacent industry. This is the next stage. The best thing you can do now is to figure out which adjacent industries to your own will be a good fit for your experience. [Write up below from Bloomberg News with more detail.]

Another strong #jobsreport! Some of the highlights here: -- Nonfarm payrolls advanced 303,000 last month, the most since May & above all economists' estimates. That also followed an upward revision to the prior two months -- Job growth in March was led by faster hiring in health care, construction, as well as leisure and hospitality, which has now bounced back above its pre-pandemic level -- The unemployment rate fell to 3.8%, with more people joining the workforce and able to find a job -- An aggregate measure of weekly payrolls — which provides a broader reading of changes in earnings, hours and employment — rose 0.8%, matching the biggest monthly increase since January 2023 -- Average hourly earnings rose 4.1% from a year ago, the slowest pace since mid-2021 Big picture: There aren't many obvious areas where the job market is slowing, and #FederalReserve officials have said they'd want to see moderation in job gains as a possible precursor to interest-rate cuts. This report raises the chance those cuts will be further out in time and maybe fewer than anticipated. Read my latest here for Bloomberg News:

Today's Jobs Report is a basket of contradictions. Here is why: https://bloom.bg/3Rj7iPY "May’s jobs report presented contradictory views of the labor market, as we expected. The establishment survey shows robust gains in nonfarm payrolls — yet the unemployment rate rose to 4.0%. We believe the latter currently offers a closer approximation of reality than payrolls, as BLS’ model for estimating business births and deaths – which added 231,000 jobs to the nonfarm-payrolls print in May – is lagging the reality of surging establishment closures and falling business formation. We think the underlying pace of current job gains is likely less than 100,000 per month.” Bloomberg's Chief Economist, Anna Wong

🇺🇸 September Job Report Preview: Nonfarm payrolls expected to rise by 150K, up from August’s 142K. Private payrolls forecast at 125K, while manufacturing is set to lose 8K jobs. Unemployment rate remains unchanged at 4.2%. Earnings growth projected at 0.3% MoM and 3.8% YoY.

The numbers are in—254k new jobs. Strong September employment data 👇 🟣 Nonfarm payrolls up 254,000 (vs. 150k expected) 🟣 +25% above 12-month average gain 🟣 Unemployment now 4.1% 🟣 July & August revisions up 72,000 Encouraging signs for talent demand in the months ahead.