Are more people looking for a job or is the U.S. labor market continuing to show continued tightness?
Investors eagerly awaiting an update on the U.S. labor market will get more insight on Friday when the Bureau of Labor Statistics releases the employment situation report for May.
Recent labor market data suggests a slowdown in employment growth. The number of job vacancies dropped by 296,000 to 8.059 million in April 2024, the lowest level since February 2021.
On Wednesday, the ADP Employment Report revealed U.S. private firms created 152,000 jobs in May, down from April’s 188,000 and missing the expected 192,000, according to Econoday.
“Job gains and pay growth are slowing as we enter the second half of the year,” said ADP chief economist Nela Richardson. “The labor market remains solid, but we’re monitoring notable weaknesses tied to both producers and consumers.”
Additionally, employment sentiment in the Services sector contracted for the fifth time …
Full story available on Benzinga.com
Are more people looking for a job or is the U.S. labor market continuing to show continued tightness?
Investors eagerly awaiting an update on the U.S. labor market will get more insight on Friday when the Bureau of Labor Statistics releases the employment situation report for May.
Recent labor market data suggests a slowdown in employment growth. The number of job vacancies dropped by 296,000 to 8.059 million in April 2024, the lowest level since February 2021.
On Wednesday, the ADP Employment Report revealed U.S. private firms created 152,000 jobs in May, down from April’s 188,000 and missing the expected 192,000, according to Econoday.
“Job gains and pay growth are slowing as we enter the second half of the year,” said ADP chief economist Nela Richardson. “The labor market remains solid, but we’re monitoring notable weaknesses tied to both producers and consumers.”
Additionally, employment sentiment in the Services sector contracted for the fifth time …
Full story available on Benzinga.com
Are more people looking for a job or is the U.S. labor market continuing to show continued tightness?
Investors eagerly awaiting an update on the U.S. labor market will get more insight on Friday when the Bureau of Labor Statistics releases the employment situation report for May.
Recent labor market data suggests a slowdown in employment growth. The number of job vacancies dropped by 296,000 to 8.059 million in April 2024, the lowest level since February 2021.
On Wednesday, the ADP Employment Report revealed U.S. private firms created 152,000 jobs in May, down from April’s 188,000 and missing the expected 192,000, according to Econoday.
“Job gains and pay growth are slowing as we enter the second half of the year,” said ADP chief economist Nela Richardson. “The labor market remains solid, but we’re monitoring notable weaknesses tied to both producers and consumers.”
Additionally, employment sentiment in the Services sector contracted for the fifth time …Full story available on Benzinga.com Read MoreBank of America, employment, Expert Ideas, job market, Jobs Report, labor market, Michael Gapen, SPY, Stories That Matter, Unemployment, Top Stories, Economics, Federal Reserve, SPY, US78462F1030, Top Stories, Economics, Federal Reserve, Benzinga Economics
