CPI Report: Positive Real Wage Gains Reduce Chance of Downturn
CPI Inflation declined to 2.5% over the year, the lowest level since February 2021, after the index increased 0.2% month-on-month. Meanwhile, average hourly earnings rose at a significantly faster clip of 3.8%, putting real wage growth over the year at 1.3%.
August Jobs Report Leaves the Overall Picture Little Changed
The U.S. economy added 142K jobs in August, but totals for the prior two months were revised downwards by a combined 86K, leaving the overall picture much the same. The labor market has slowed and slackened over the past three months, with job growth in the private sector outside of healthcare and social assistance falling to an unusually slow pace.
JOLTS Report: Labor Market Cooled Substantially in July
Just as the weak July Jobs Report alarmed observers and sparked a market selloff last month, the July JOLTS Report released today too shows a sharp deterioration in labor market conditions.
Time for the Fed to Declare “Mission Accomplished”
Today’s Consumer Price Index report sends a clear message: It is time for the Federal Reserve to declare “mission accomplished” in its war against inflation, stop fighting the economy, and turn its focus to the employment part of its mandate.
Jobs Report: The Labor Market Has Deteriorated
There are two main takeaways from today’s Jobs Report. The first is that labor markets in the private sector excluding healthcare and social assistance have deteriorated rapidly and are now anemic. The second is that American households are feeling the effects.
JOLTS Report: Labor Market Now Slacker Than Before Pandemic
The labor market is now slacker and slower than before the pandemic, and the pace of hiring is the slowest it has been since 2014, outside of the brief pandemic recession.
June CPI Decline Leaves the Door Open to September Rate Cut
For the first time since the pandemic, overall prices fell in June, surprising economists and increasing the likelihood of a September interest rate cut.
The Jobs Report Signals a Labor Market Deceleration
There are two main takeaways from today’s Jobs Report. The first is that the labor market has cooled off significantly. The second is that leading indicators in the report and from other sources signal further cooling ahead.
JOLTS Report Shows Labor Market Dynamics “Little Changed”
Job openings were revised downwards for April and inched upwards in May, according to today’s JOLTS Report. The data left the picture much the same—a new post-pandemic normal characterized by a lower-churn labor market.
Inflation Eases, Boosting Real Incomes and Consumer Spending: A Fed Rate Cut on the Horizon?
Inflation remains above the Federal Reserve’s target, but it has meaningfully cooled in recent months, providing a boost to real incomes and consumer spending.
Job Seekers Speak Out: Opinions on Nine Hot-Button Employment Issues
As the November presidential election approaches, the electorate is largely focused on economic issues, such as inflation, the budget deficit, and immigration. Former President Bill Clinton famously quipped, "It's about the economy, stupid," underscoring the central role economic issues play in American politics. But what do U.S. job seekers and workers really feel about the hot-button economic issues of the day?
A Strong Jobs Report Complicates the Fed’s Job
May’s Jobs Report came in hotter than expected, with the economy adding 272K payrolls across a broad range of industries.
Latest JOLTS Report Shows a Steady Labor Market
Today’s JOLTS Report for April is mixed. While the decline in job openings from a revised 8.4M to 8.1M, the lowest level in three years, suggests softening demand for workers, the increase in hires and quits implies quite the opposite—resilient demand and plentiful opportunity.
Three Data-Driven Tips to Jumpstart Your Career
The question on many job seekers’ minds is how to get their careers off to the best start. Three key rules emerge from a decade of ZipRecruiter data and research and corroborating evidence from numerous outside studies.
No Stag or Flation in Today’s Jobs Report
After what looked like a reacceleration in the first quarter, today’s Jobs Report shows the labor market returning to its prior trend of gradually normalizing job growth and wage growth.
A Mixed JOLTS Report Highlights the Strange New Normal in the Labor Market
Today’s mixed JOLTS Report suggests that demand for new workers continues to soften, but that layoffs and discharges remain extremely low.
Today’s Jobs Report and the Promise of Noninflationary Growth
As predicted by recent uptick in online job postings, today’s jobs report is strong across the board, with 303K jobs added in March, and the prior two months’ figures revised upwards by a combined 22K.
The Labor Market has Stabilized, According to the Jolts Report, But Other Macro Indicators Suggest a Rebound is Imminent
There are signs that a U.S. labor market rebound is near.
Job Switchers Accept Smaller Pay Increases to Take Remote Roles
Workers in remote jobs generally earn more than those who work in the office, and get bigger raises, according to ZipRecruiter surveys of thousands of job seekers and newly hired workers conducted over the past year.
Inflation is Hotter Than Expected Again
The consumer price index (CPI) and core CPI (which excludes food and energy) came in slightly hotter than expected this morning. The CPI rose 0.4% over the month, with year-over-year inflation rising to 3.2% from 3.1%. Core CPI also rose 0.4% over the month, falling to 3.8% from 3.9%.