October Job Openings Rise, Hinting at a Labor Market Rebound
Since the last official release of the Job Openings and Labor Turnover Survey (JOLTS) report in August, the October JOLTS report suggests the labor market might be starting to turn around. Job openings were up 6.1% in October, from August, and up 8% from a year ago. This marks the first significant annual growth in job openings since July 2022.
August Job Openings Show a Mismatched Market
The August JOLTS report reveals the labor market freeze may soon start to thaw.
Want a Summer Job? Here's What You Should Know
If you’re about to graduate from high school or college, or if you’re looking for a way back into the labor force, summer seasonal jobs may present an attractive opportunity. While many of these jobs offer modest pay, they can serve as a gateway to permanent employment.
The Return of Summer Internships
The summer of 2025 is on track to start with the largest young adult (ages 20-24) labor forces in the past decade. At the same time, young workers are facing the highest summer unemployment rate since the pandemic, making it more important than ever for young job seekers to gain experience and build skills before formally entering the workforce.
Uneventful JOLTS Report Predates Federal Government Hiring Freeze and Layoffs
The January Job Openings and Labor Turnover Survey (JOLTS) report was largely uneventful, painting a picture of a labor market that remains steady, at least for now.
February Jobs Report: Solid, but Showing Signs of Softening
The February jobs report was a bit of a snoozer—solid, but not much drama.
Eggs, Cars, Energy, and Insurance Drive Inflation Higher in January
Inflation started 2025 on an uncomfortable note, with core CPI rising 0.45% month-over-month, its hottest reading since April 2023. Year-over-year, core CPI is up 3.3%, marking a slight acceleration from prior months.
January Jobs Report: A Tighter Labor Market, but Growth Remains Uneven
The U.S. labor market tightened unexpectedly in January, defying expectations of stabilization. Employers added 143,000 jobs, enough to push the unemployment rate down to 4.0%, even as labor force participation edged up.
Labor Market Stalls as Job Openings Retreat
The labor market showed little movement in December, according to the latest JOLTS report, as an uptick in job openings the prior month proved short-lived. Openings fell back to their November level, reinforcing the broader cooling trend that has characterized the past year.
Jobs Report: The Labor Market Closed Out 2024 Better than Expected
The U.S. labor market ended 2024 with a surprising burst of strength, capping a sluggish two-year stretch with its best performance since the first quarter.
JOLTS Report: Labor Market Steady, But Signs of a Turnaround Emerge
The labor market showed little movement in November, according to the latest JOLTS report, but remains significantly softer than it was a year ago.
CPI Report: Fed Increasingly Finds Itself in a Tough Spot
For several months earlier in the year, inflation was coming in better than expected. But that is no longer the case. Inflation has recently firmed and become uncomfortably sticky, even as the labor market has continued to cool and slacken.
The December Jobs Report: Payroll Gains Aren’t What They Seem
Don’t be misled by the seemingly solid payroll gain of 227,000. Today’s Jobs Report offers little evidence of a labor market rebound.
A Mixed October JOLTS Report Points to a Stable Labor Market
The labor market is steady, according to today’s JOLTS Report, but substantially weaker than it was a year ago.
Holiday Hiring Trends: E-commerce Takes the Lead—Yet Again
The most recent job openings report from the U.S. Bureau of Labor Statistics appeared to foreshadow a weak 2024 holiday hiring season. Similarly, ZipRecruiter data on nationwide online job postings pointed to a slow start.
Weak Jobs Report Reflects Storms, Strikes, and the Ongoing Labor Market Slowdown
Today’s weaker-than-expected jobs report not only reflected the effects of storms and strikes, but also of the continued labor market cooldown which has taken place since the Fed began raising interest rates more than two years ago.
September JOLTS Report Suggests Continued Labor Market Cooling
Hires ticked up, according to today’s JOLTS Report, but the slide in job openings and quits, paired with the spike in layoffs, signal a labor market which likely continued to soften, despite the stronger-than-expected headline numbers in the September Jobs Report.
August JOLTS Report Points to Continued Cooling
The labor market has been cooling for more than two years. Initially, the slowdown signaled normalization from the post-pandemic rehiring frenzy and Great Resignation. But when the labor market returned to pre-pandemic conditions and kept cooling, labor market observers began to voice concerns about the damage restrictive monetary policy could wreak if sustained for too long.