Bold background in the Job Report 2020

Aug 6th, 2022
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How to bold background in the Job Report 2020

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Hello, everyone. Im Daniel Culbertson, economist with the Indeed Hiring Lab. And it is time for another US labor market update. As always, theres a lot to cover, so lets go ahead and get right to it. As they always do at the beginning of the month, the US Bureau of Labor Statistics released their Employment Situation Report, otherwise known as the Jobs Report. And inside of this report, we get a lot of great data about the labor market covering up to the previous month. So for September, there is some good news in the report, but there are also some aspects of it that were a bit concerning. Perhaps the biggest piece of news was that, in September, the US economy added 661,000 jobs. Driving this employment growth was hiring inside of leisure and hospitality, retail, and health care, while job losses inside of state and local government mainly pertaining to education were a bit of a drag on growth. A one-month jobs gain of 661,000 is an incredibly large number but still, in this parti

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The BLS reports that 661,000 jobs were added in September less than half of August job growth and employment was down by 10.7 million jobs compared to February.
Total nonfarm payroll employment declined by 140,000 in December 2020, following seven consecutive months of increases. In December, nonfarm employment was below its February level by 9.8 million, or 6.5 percent.
The unemployment rate in April 2020 increased by 10.3 percentage points to 14.7 percent. This is the highest rate and the largest over-the-month increase in the history of the data (available back to January 1948). The number of unemployed persons rose by 15.9 million to 23.1 million in April. Unemployment rate rises to record high 14.7 percent in April 2020 bls.gov opub ted unemployment-rate-r bls.gov opub ted unemployment-rate-r
The U.S. economy added 216,000 jobs in December, signaling a still strong labor market.
The composition of hiring was broad based in December, in contrast with the past few months, featuring a 164,000 net increase in private sector employment. Those gains were driven by 74,000 new jobs in education and healthcare, 40,000 in leisure and hospitality, and 52,000 in government hiring. December employment report caps an extraordinary year of 2.7 million rsmus.com december-employment rsmus.com december-employment
By the Numbers: U.S. Economy Adds Over 350,000 Jobs in January Exceeding Expectations. Kicking off 2024, the U.S. Labor Departments Bureau of Labor Statistics reported last week that the U.S. economy added over 350,000 jobs in January far exceeding expectations.

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