Current:Home > MyThe job market continues to expand at a healthy clip as U.S. heads into Labor Day -BeyondProfit Compass
The job market continues to expand at a healthy clip as U.S. heads into Labor Day
View
Date:2025-04-12 23:02:09
The jobs market is holding steady as the country heads into the Labor Day weekend.
Employers added 187,000 jobs last month, marking a modest pickup from the previous month, the Labor Department said on Friday, with health care, hospitality, and construction among the sectors that added the most jobs.
Trucking, however, showed a loss of jobs, due to the shutdown of the Yellow trucking company. Employment in movie production was also down as a result of the writers' and actors' strikes..
The unemployment rate rose in August to 3.8 percent, though that was mainly because more than 700,000 new people joined or re-joined the workforce.
Meanwhile, job gains for June and July were revised down by a total of 110,000 jobs.
The labor market has shown gradual cooling in recent month, but workers are still in strong demand.
Average wages over the last year are up 4.3%, outpacing inflation.
The data comes ahead of the Federal Reserve's next policy meeting later this month.
The Fed has been raising interest rates aggressively in order to cool down inflation and Fed Chair Jerome Powell has said policy makers are ready to raise them more if needed.
veryGood! (12)
Related
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Maui's deadly wildfires fueled by lack of preparedness, communication breakdowns
- Mother charged in death of 14-year-old found ‘emaciated to a skeletal state’
- Not only New York casinos threaten Atlantic City. Developer predicts Meadowlands casino is coming
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Bryan Kohberger's attorneys claim cellphone data shows he was not at home where murders took place
- Orlando Bloom Reveals Whether Kids Flynn and Daisy Inherited His Taste For Adventure
- Tech has rewired our kids' brains, a new book says. Can we undo the damage?
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- California governor pledges state oversight for cities, counties lagging on solving homelessness
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Jerrod Carmichael says he wants Dave Chappelle to focus his 'genius' on more than trans jokes
- Ex-youth center resident testifies that counselor went from trusted father figure to horrific abuser
- Why is the economy so strong? New hires are spending more and upgrading their lifestyles
- Retirement planning: 3 crucial moves everyone should make before 2025
- Nevada Supreme Court rulings hand setbacks to gun-right defenders and anti-abortion activists
- Arizona Coyotes to move to Salt Lake City after being sold to Utah Jazz owners
- Prince William returns to official duties following Princess Kate's cancer revelation: Photos
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
High mercury levels in some Lake Maurepas fish bring meal restrictions, state officials say
What's the mood in Iran as Israel mulls its response?
Republicans file lawsuit challenging Evers’s partial vetoes to literacy bill
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
California governor pledges state oversight for cities, counties lagging on solving homelessness
It's not just a patch: NBA selling out its LGBTQ referees with puzzling sponsorship deal
Motorist dies in fiery crash when vehicle plows into suburban Chicago highway toll plaza, police say