The labor market added 216,000 jobs in December. The Bureau of Labor Statistics showed the unemployment rate was 3.7% for the month, flat from the rate in November. The labor force participation rate ticked lower to 62.5%, down from 62.8%. Average weekly hours worked moved down slightly from 34.4 to 34.3.—finance.yahoo.com
Tag: Unemployment
Payrolls Soared by 336,000 in September
With the addition of 336,000 jobs, the unemployment rate remained unchanged in September at 3.8%. The labor force participation rate, those working against the total size of the workforce, held steady at 62.8%. The employment-to-population ratio also held steady at 60.4%.—cnbc.com
The Employment Situation—June 2023
The number unemployed remained at 6.0 million in June, and the unemployment rate fell slightly. The working-age population grew to 266,800 thousand, and the employment-to-population ratio and labor force participation rate remained steady at 60.3 percent and 62.6 percent respectively. Discouraged workers decreased, but those employed part time for economic reasons increased.—bls.gov
The Employment Situation—May 2023
The unemployment rate in May increased by 0.3 percentage points over April to 3.7 percent. The number of unemployed persons rose by 440,000 to 6.1 million but the number employed decreased by 310,000. The labor force participation rate held at 62.6 percent in May.—bls.gov
Strong US Job Growth Persists
The unemployment rate rose to 3.6% in February from 3.4% in January. The increase occurred as the labor force increased by 419,000, lifting the participation rate to 62.5%, from 62.4% in January.—reuters.com Additional Data: In February 2023, the size of the labor force was 166,251,000.—Bureau of Labor Statistics
January CPI Inflation Rate Slows
Ahead of January’s CPI release, the Bureau of Labor Statistics published new weights for certain categories, a process it undergoes every two years. Moving forward, it will update the weights every year. With the new changes, housing accounts for 44.4% of the index, up from 42.4%, and the food weight fell to 13.5% from 13.9%.—usatoday.com