Current:Home > FinanceThe job market continues to expand at a healthy clip as U.S. heads into Labor Day -ProfitPioneers Hub
The job market continues to expand at a healthy clip as U.S. heads into Labor Day
View
Date:2025-04-18 02:16:12
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! (61921)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Thousands join migrant caravan in Mexico ahead of Secretary of State Blinken’s visit to the capital
- The imprisoned Russian opposition leader Alexei Navalny resurfaces with darkly humorous comments
- Toyota small car maker Daihatsu shuts down Japan factories during probe of bogus safety tests
- Buckingham Palace staff under investigation for 'bar brawl'
- 6-year-old boy traveling to visit grandma for Christmas put on wrong Spirit flight
- 25 Secrets About The Santa Clause You'll Enjoy—Even If You're Lactose Intolerant
- Fantasy football winners, losers: Panthers' DJ Chark resurfaces to attack Packers
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- 'Jane Roe' is anonymous no more. The very public fight against abortion bans in 2023
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Major Nebraska interstate closes as jacknifed tractor trailers block snowy roadway
- Israeli man whose parents were killed on Oct. 7 calls for peace: We must break this pattern of violence
- Police seek SUV driver they say fled after crash killed 2 young brothers
- Trump invites nearly all federal workers to quit now, get paid through September
- Ever wonder what happens to unsold Christmas trees? We found out.
- How Deion Sanders 'hit it off,' became friends with 99-year-old Colorado fan in 2023
- How Derek Hough and Hayley Erbert Celebrated Christmas Amid Her Skull Surgery Recovery
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
The imprisoned Russian opposition leader Alexei Navalny resurfaces with darkly humorous comments
Bridgerton's New Look at Season 3 Is the Object of All Your Desires
6-year-old boy traveling to visit grandma for Christmas put on wrong Spirit flight
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Octopus DNA reveals Antarctic ice sheet is closer to collapse than previously thought: Unstable house of cards
Belarus leader says Russian nuclear weapons shipments are completed, raising concern in the region
Beijing sees most hours of sub-freezing temperatures in December since 1951