The nation's employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market.
US job growth came in markedly below analyst expectations in April while unemployment crept up, government data showed Friday, signaling that the labor market is cooling.
U.S. nonfarm payrolls increased by 175,000 last month, the Bureau of Labor Statistics said Friday, or the smallest gain in six months. Economists were looking for the addition of about 240,000 jobs.
U.S. job growth slowed more than expected in April and the increase in annual wages fell below 4.0% for the first time in nearly three years, but it is probably too early to expect that the Federal ...
While the employment landscape is still relatively strong, the economy is clearly slowing down, which is both good and bad.
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
The US economy underperformed ... Health care led the growth of jobs in April, adding 56,000 jobs, while social assistance added 31,000 jobs. “There’s more work to do,” Biden said in his statement. “I ...
The US labor market cooled notably last month as both hiring and wage growth slowed more than economists had expected in ...
The economy added 175,000 jobs last month, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.
The Labor Department ... for nearly 70% of job growth in March. More concerningly, the progress against inflation has stalled, raising doubts about the likely timetable for Fed rate cuts, which would, ...
U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend in ...
U.S. labor costs increased more than expected in the first quarter amid a rise in wages and benefits, confirming the surge in ...