US payrolls rose by only 22,000 in August, while monthly revisions lowered June’s payroll change again to a loss of 13,000 from the initial 148,000 gain. The unemployment rate ticked up to 4.3%, although indicators of layoffs and hours remained relatively stable. These figures will likely prompt the Fed to cut interest rates at the September 17-18 FOMC meeting.
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Charts
WARN advance notice layoffs indicate job loss ahead
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Wage inequality continues downward trend in quarter 2 of 2023
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Recent hikes in quits rates indicate retention difficulties across all industries, but have nearly approached pre-pandemic levels
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Decline in office and administrative support work suggests certain tasks and skills have been replaced by automation
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CEOs are having trouble filling positions as the unemployment rate drops lower
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Non-union wages are growing faster than union wages
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This index identifies the risk of future labor shortages for specific occupations.
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Early retirement as the main reason for dropping out of the labor force
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The Conference Board’s Salary Increase Budget Survey indicates that the average annual raise for current employees is accelerating.
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Online Labor Demand Increased in August
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The Conference Board Employment Trends Indexâ„¢ (ETI) Falls in August
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PRESS RELEASE
Report: Wage Gaps between Black and White Workers Continue to Widen—across …
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Tepid Job Gains Highlight Hiring Difficulties
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PRESS RELEASE
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IN THE NEWS
Dana Peterson Talks April Jobs Report
May 12, 2021