Link print in the Job Report 2020

Aug 6th, 2022
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How to link print 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 your December US labor market update. Lets get started with the Bureau of Labor Statistics jobs report, which was released just last Friday and covered the month of November. This report was a bit of a mixed bag as the headline numbers continued to trend in the right direction. However, it did also show signs of an economy that is slowing. The US labor market added 245,000 new jobs in the month of November, which was quite a drop from the previous months gain of 610,000 new jobs. While this marks the seventh consecutive month of job growth, this does also mark the fifth consecutive month that that job growth has slowed. This slowing job growth would be concerning in and of itself, but it is especially concerning as we head into the winter months amid rising COVID-19 case counts. The unemployment rate fell from 6.9% in October to 6.7% in November. However, the decline in the unemployment r

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U.S. Bureau of Labor Statistics U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics bls.gov bls.gov
The rate has been within the range of 3.4 percent and 3.8 percent since February 2022. The number of unemployed people was little changed at 6.1 million in January 2024. Among the unemployed, 2.2 million, or 34.7 percent, were job losers not on a temporary layoff.
The national unemployment rate increased by 0.2 percentage point to 3.9 percent and was 0.3 point higher than in February 2023.
The unadjusted unemployment rate in the United States stood at 3.9 percent in March 2024. This data is not seasonally adjusted. The adjusted monthly unemployment rate can be found here and the monthly civilian labor force participation rate here.
161.47M US Employed Persons is at a current level of 161.47M, up from 160.97M last month and up from 160.82M one year ago. This is a change of 0.31% from last month and 0.40% from one year ago. US Employed Persons (I:USESM) - YCharts ycharts.com indicators usemployedpersons ycharts.com indicators usemployedpersons
The Future of Work (FOW) Index is diagnostic tool that measures your sentiment and readiness for the future of work. Future of Work Diagnostic Tool - Skills of the Modern Age skillsofthemodernage.com.au future-of-wo skillsofthemodernage.com.au future-of-wo
Household Survey Data Both the unemployment rate, at 3.8 percent, and the number of unemployed people, at 6.4 million, changed little in March. The unemployment rate has been in a narrow range of 3.7 percent to 3.9 percent since August 2023. (See table A-1.) The Employment Situation - Bureau of Labor Statistics Bureau of Labor Statistics (.gov) news.release pdf empsit Bureau of Labor Statistics (.gov) news.release pdf empsit PDF
The long-term unemployed accounted for 20.8 percent of all unemployed people in January 2024. There were 1.3 million long-term unemployed (those jobless for 27 weeks or more) in January 2024, accounting for 20.8 percent of all unemployed people. These figures were little changed from the previous month.

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