The job market cooled in January — that's what the Fed's been hoping for

Mar 8, 2023
There are fewer job openings and fewer people are quitting jobs — signs that the Federal Reserve's interest rate hikes are working as intended.
Job openings fell about 49% in construction, according to the recent JOLTS report. There were also fewer openings in accommodation and food services, and in finance and insurance.
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If it's the first Friday of the month, there must be a jobs report, right? Wrong.

Mar 3, 2023
A rule that makes the underlying data more consistent has delayed February's report by a week.
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What the number of involuntary part-time workers tells us about the economy

Sep 7, 2022
The "I’d prefer a full-time gig, but I can’t find one” measure can give us a sense of how much slack or unmet potential there is in the labor market.
If involuntary part-time employment starts to tick up, that can be a leading indicator of a slowing economy.
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Federal jobs survey will replace COVID questions with new queries about telework

Sep 5, 2022
It's the end of an era — the pandemic era — for the Bureau of Labor Statistics.
Since May 2020, the  Bureau of Labor Statistics has been asking people whether COVID affected the hours they've worked or prevented them from looking for work.
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Employment's back to pre-pandemic levels with more than 500,000 new jobs added in July

Aug 5, 2022
There were even job gains in construction and finance, which were expected to slow down. Wages grew again too.
Employers added double the number of jobs economists were expecting in July, with big hiring increases in leisure and hospitality, health care and retail.
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What does "broad-based" inflation look like down the road?

Jul 13, 2022
Energy, food and rent were big drivers of the 9.1% inflation reading. Where are those numbers headed?
Food prices were up 10% year over year, according to the Bureau of Labor Statistics.
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Decline in involuntary part-time work shows the labor market is still robust

Jul 8, 2022
At the start of the pandemic, the number of part timers who would rather work full time spiked. Now, it’s lower than any time since 2001.
Even in today's relatively hot job market, people who have served prison time may find it difficult to secure employment.
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For people on benefits, inflation adjustments lag behind

Dec 10, 2021
Social security and SNAP benefits are adjusted every year for inflation. While that tends to be enough in normal years, it's not enough right now.
For those on fixed incomes, inflated prices on everyday items like rent and food can hit particularly hard.
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U.S. job openings high for second consecutive month

Jul 7, 2021
Which sectors are the most eager for workers? And are workers ready to commit?
There were some 9.2 million new job postings in the May, Bureau of Labor Statistics — nearly the same number that were posted in April.
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Why long-term unemployment starts at 27 weeks

May 20, 2021
More than 4 million Americans have been unemployed for more than six months. Previous recessions have redefined long-term unemployment.
Kentucky residents wait in long lines for help with their unemployment claims last year.
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