Penultimate People Consulting’s Post

🖋 BLS Employment Situation Report: April 2024 📚 The Bureau of Labor Statistics were released for April - here's what you should know. There was a reported gain of 175,000 jobs, which was lower than the prior 12 month average of 242,000. There was little to no change among unemployment stats, and overall there was a lower than average increase in nonfarm payroll employment. With inflation concerns and labor dynamics in focus, the attention has shifted to the Fed's looming decision on interest rates. This decision will undoubtedly shape the economic landscape in the coming months. As we all wait, some will argue that the economy is showing strong signs of recovery, while others feel cautious optimism is warranted. Has the overall market reacted to this information enough? Do you feel optimistic about this job market where we currently stand? #TalentAcquisition #FinanceRecruitment #Unemployment #Staffing #NorthboundExecutiveSearch

The U.S. Bureau of Labor Statistics reports some interesting trends for November 2023. Total nonfarm payroll employment saw a moderate increase of 199,000, with the unemployment rate dipping slightly to 3.7%. 📉 🚑 Health care and government sectors showed significant job gains, with 77,000 jobs added in health care and 49,000 in government. Manufacturing also experienced an uptick, largely due to the return of workers from a strike. However, retail trade faced a downturn, losing 38,000 jobs. 🏭 The overall unemployment rates remained relatively stable, but there was a noticeable decrease in teenage unemployment. 📊 Long-term unemployment saw a minor decrease, and the employment-population ratio inched up. However, the labor force participation rate has been steady since August. Looking ahead to 2024, the hiring landscape seems cautiously optimistic. 🌱 While growth is steady, changes in sectors like retail and transportation highlight the need for agility and adaptability in the staffing industry. 💼 As we gear up for 2024, it's crucial for businesses and staffing professionals to focus on growing sectors like health care and government. Embracing flexible workforce strategies and keeping an eye on evolving industry needs will be key. Now's the time to harness strategic partnerships and innovative solutions to navigate the evolving job market. 🚀 #UnemploymentData #EconomicOutlook #StaffingIndustry #LaborMarketTrends #2024Preparation

Total nonfarm payroll employment rose by 336,000 in September, and the unemployment rate was unchanged at 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in leisure and hospitality; government; health care; professional, scientific, and technical services; and social assistance. this is a clear sign that the #economy is still going strong and employers are not cutting expenses and reducing workforce. This information coupled with the spiking T-Bill will only add pressure to #theFed to reevaluate their strategy and potentially require future #interestrate hikes. this is a shock as only 170,000 was expected.

The latest figures from the U.S. Bureau of Labor Statistics confirm the job market holds steady in its strength, with surprisingly robust labor gains in May. Despite concerns of an economic slowdown, American businesses continued hiring at a vigorous pace. 🌟 Here are the highlights: ✅ Total nonfarm payroll employment increased by 272,000 in May, higher than the average monthly gain of 232,000 over the prior 12 months. ✅ The unemployment rate was essentially unchanged at 4.0%, still hovering near 50-year lows. ✅ Average hourly earnings rose by 0.4% to $34.91, allowing wages to keep up with inflation as workers retained bargaining power. ✅ Strong hiring occurred across sectors like healthcare (+68,000 jobs), government (+43,000), and leisure/hospitality (+42,000). The complete May Employment Report with additional details can be found below: https://lnkd.in/e8aFakB CC: Kellen Smith - Managing Partner

Bureau of Labor Statistics welcomes us to September with a slowed gain in payroll and an increase in the unemployment rate 🙁 Below are some highlights for this month's report: - Number of unemployed persons increased by 514,000 to 6.4 million - Unemployment rate rose to 3.8 in August, up 0.3 points from the prior month - Long-term unemployed (27+ weeks/~6 months without a job) accounts for 20.2% of all unemployed persons - Labor force participation rate rose by 0.2 percentage point to 62.8 percent, after being flat since March - Payroll increased by 187,000 while the trailing 12-month average was 271,000. Primary drivers of this increase were Health Care, Leisure, Social Assistance, and Construction - Average wage was up 0.2% to $33.82/hour (+0.08/hour) for all roles and 29.00/hour (+$0.06/hour) for all non-supervisory roles Source: https://lnkd.in/e8aFakB #economy #productivity #indicators #humanresources #hiring #recruiting #employers #unemployment

May jobs report below! We're holding steady in the job market. It's a catch 22 for the overall economy because it keeps inflation high and does not encourage the Fed to lower interest rates. All above my pay grade, but S FL in particular remains with a healthy and steady supply and demand in the labor market.

📊 The latest Employment Situation Summary has been released! Here's a snapshot of the key insights for September 2023: 📈 Total nonfarm payroll employment saw a significant rise by 336,000, showcasing growth in various sectors including leisure, government, health care, and more. 🧑💼 Unemployment rate remained steady at 3.8%, with minor fluctuations among different demographic groups. 🌟 Notable job gains occurred in leisure and hospitality, reflecting a positive trend towards economic recovery. Stay informed and stay empowered in navigating the job landscape! For more detailed insights, check out the full report from the U.S. Bureau of Labor Statistics. https://lnkd.in/gyHpj-HH #EmploymentTrends #JobMarket #EconomicInsights #BLSData

Overall, a solid jobs report for the U.S. labor market. Total nonfarm payroll employment increased by 216,000 in December, and the unemployment rate was unchanged at 3.7 percent. But the number of new jobs for October and November were revised down: https://lnkd.in/e8aFakB #labormarket #useconomy

In the United States, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. The unemployment rate in the United States increased to 3.9% in October 2023, slightly exceeding market expectations and the previous month's figure of 3.8% per https://lnkd.in/exR48S8k.

The latest employment numbers are out...Interestingly, the headlines have overlooked the fact that the underlying wage disinflation trend has picked up pace, with a significant drop from 4.57% to 4.23% last month. Over the past 12 months, the US labor market has experienced a notable shift, with a 1.9 million increase in part-time jobs and a 1.3 million decrease in full-time jobs. If the Federal Reserve manages to keep the primary sources of inflation in check without causing unemployment to rise, it would create an ideal scenario for the economy and markets. https://lnkd.in/ek-xNAyv