State of the Labor Market
Commentary, data, analysis and insight into the US and global economy.
June marks the 16th straight month where job openings outnumbered unemployed workers.
The labor market added 164,000 new jobs in July, while the unemployment rate held steady at 3.7%, according to the latest data from the Bureau of Labor Statistics.
Even in slower job growth environment, education and health services trucks on.
In a strong labor market, it’s tough for employers to turn job openings into hires. But raising pay faster can help fill open slots.
The number of jobs we’ve added in recent months is solid, but the trend is downward