Martha Reynolds’ Post

WSJ: The Labor Department reported on Friday that the U.S. added 206,000 jobs last month. The unemployment rate ticked up to 4.1%. The report continues a run of remarkable job market resilience that has continued even as the Federal Reserve has kept interest rates at their highest level in more than two decades. Still, hiring activity has slowed, and the labor market appears to have come into better balance. The unemployment rate has risen from the multidecade low of 3.4% it hit early last year. Average hourly earnings were up 3.9% in June from a year earlier, marking their smallest gain since 2021.

WSJ: The Labor Department reported on Friday that hiring slowed to 114,000 jobs last month, missing expectations. The unemployment rate jumped to 4.3%. America is still adding jobs. But the labor market’s strength has been fading, and Friday’s report adds to evidence that it could be on its way to weakness. Average hourly earnings were up 3.6% in July from a year earlier—above the recent pace of inflation, but the smallest gain since May 2021. The jobs count for May and June was revised down by a combined 29,000. The labor-force participation rate, the share of working-age people who were employed or seeking work, rose to 62.7% from 62.6% in June. The increase in the unemployment rate was in part a reflection of more people entering the labor market.

wsj.com: The Labor Department reported that hiring slowed to 114,000 jobs last month, missing expectations. The unemployment rate jumped to 4.3%. America is still adding jobs. But the labor market’s strength has been fading, and Friday’s report adds to evidence that it could be on its way to weakness. Average hourly earnings were up 3.6% in July from a year earlier—above the recent pace of inflation, but the smallest gain since May 2021. The jobs count for May and June was revised down by a combined 29,000. The labor-force participation rate, the share of working-age people who were employed or seeking work, rose slightly to 62.7% from 62.6% in June. The increase in the unemployment rate was in part a reflection of more people entering the labor market. Stock futures, which were already down before the jobs report, fell further after the data came out. Treasury yields sank. https://lnkd.in/e6terXd6

US employers added 206,000 jobs in June, slightly the predicted 200,000 economists had expected. Average hourly earnings also topped forecasts, rising 3.9% from a year earlier. However, the unemployment rate increased to 4.1% from May's 4.0%, hitting over 4% for the first time in almost three years. Despite the hiring slowdown, the labor market has achieved a better balance, providing a sense of security for both employers and employees. Employers can take more time when hiring and have a more robust candidate pool, but there are still ample available positions for candidates looking for new opportunities. Need help navigating the labor market to help grow your business? My People Person provides engaged recruiting, recruitment process strategy, and Predictive Index consulting services to help you streamline your hiring process and build the best team possible to grow your company. #jobsreport #employment #hiring #mypeopleperson

Private sector job growth was well below forecasts in August, as employers added 99K new jobs versus the 145K that were expected. This was the fifth straight month that job growth slowed among private employers, while small businesses once again reported job losses. This labor sector softening should be supportive of a Fed rate cut at their meeting on September 18.

Private sector job growth was well below forecasts in August, as employers added 99K new jobs versus the 145K that were expected. This was the fifth straight month that job growth slowed among private employers, while small businesses once again reported job losses. This labor sector softening should be supportive of a Fed rate cut at their meeting on September 18.

Private sector job growth was well below forecasts in August, as employers added 99K new jobs versus the 145K that were expected. This was the fifth straight month that job growth slowed among private employers, while small businesses once again reported job losses. This labor sector softening should be supportive of a Fed rate cut at their meeting on September 18.

📉 Economic Update: Potential Fed Rate Cuts? Recent data shows unemployment rising to 4.3%, sparking speculation of potential Federal Reserve rate cuts. Analysts expect possible rate cuts starting in September. However, the Fed closely monitors inflation trends to ensure stability before making any moves. Stay informed as the Fed balances economic growth and inflation control! #MBA #Economy #FederalReserve #InterestRates #Unemployment

Private sector job growth was well below forecasts in August, as employers added 99K new jobs versus the 145K that were expected. This was the fifth straight month that job growth slowed among private employers, while small businesses once again reported job losses. This labor sector softening should be supportive of a Fed rate cut at their meeting on September 18.

Private sector job growth was well below forecasts in August, as employers added 99K new jobs versus the 145K that were expected. This was the fifth straight month that job growth slowed among private employers, while small businesses once again reported job losses. This labor sector softening should be supportive of a Fed rate cut at their meeting on September 18.