Link type in the Job Report 2020

Aug 6th, 2022
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How to link type in the Job Report 2020

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Wall Street appears to be indifferent to last month's strong jobs report, with futures pointing lower despite the economy adding approximately 273,000 jobs, surpassing expectations. The unemployment rate decreased to 3.5% from 3.6% in January. Average hourly earnings increased by nine cents to $28.52, reflecting a 0.3% month-over-month rise and a 3% year-over-year increase, aligning with forecasts. The Labor Department confirmed no signs of coronavirus impact on this report. Additionally, prior job numbers were revised upward, with January's total increased by 48,000 to 273,000 and December's figure adjusted to 184,000.

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CareerOneStop. This is the career, training, and job search website of the U.S. Department of Labor. The website serves jobseekers, students, businesses, and career advisors with free online tools and other information and resources.
Published by the Bureau of Labor Statistics (BLS) at 8:30 am ET on the first Friday of each month, the jobs report, aka the Employment Situation Summary, is an estimate of: The total number of workers in the U.S. (minus farm jobs) Their average hourly earnings. The number of hours worked weekly. What Is the Monthly Jobs Report? | Britannica Money Britannica Money Investing Britannica Money Investing
What are the main types of unemployment? There are three main types of unemployment cyclical, structural and frictional unemployment. In practice, these cannot be measured directly, and they can often overlap, but they provide a useful way of thinking about unemployment.
Key Takeaways. Jobs growth is measured by the monthly change in nonfarm payrolls as reported by the U.S. Bureau of Labor Statistics. Jobs growth figures are released monthly and are subject to revisions over the next two months as additional survey results are collected. Jobs Growth: Overview and Applications - Investopedia investopedia.com terms jobsgrowth investopedia.com terms jobsgrowth
Historic gains The jobless rate was projected to fall from 3.9% to 3.8%. Last months job growth was driven by industries such as health care (+72,300 jobs); government (+71,000 jobs); leisure and hospitality (+49,000 jobs); and construction (+39,000 jobs).
Unemployment Rate: the number of unemployed divided by the labor force, expressed as a percentage. Not in the Labor Force: members of the civilian population, defined above, who were neither employed nor unemployed during the week including the 12th of the month. Calculating the Unemployment Rate - EDD - CA.gov ca.gov siteassets files pdfpubctr ca.gov siteassets files pdfpubctr
The problem of overstated jobs numbers is not a new one. In August 2023, the BLS issued a preliminary revision for the 12 months through March 2023 showing U.S. job growth for that period was overstated by a net 306,000 jobs. Thats 25,500 fewer jobs on average per month in that period. Initial U.S. employment reports overstated by 439000 jobs in 2023 foxbusiness.com economy initial-us-emp foxbusiness.com economy initial-us-emp
The report consists of the household survey, which is used to estimate the unemployment rate, and the establishment survey providing data on payrolls, hours worked, and earnings.

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