August was a 'wow' jobs report.
August jobs added: 162,000 (3x expectation of 55k)
July: +21,000 (up from the original report of -23,000)
June: +31,000 (up from 20,000)
Unemployment rate: 4.1% (unchanged from July)
Labor force participation rate: 61.6% (up from 61.4%)
And it wasn't just healthcare hiring.
Hospitality (+59,000)
Education (+42,000)
Construction (+22,000)
Manufacturing (+16,000)
So far in 2026, the economy is averaging +80,000 job gains a month. That's a big rebound from 10k/month in 2025.
JUST IN: More good news on inflation. The US inflation rate cooled to 2.5% (y/y) in August, the lowest since February 2021. This gives the Fed and everyone else more confidence the inflation battle has been won.
Lower gas prices, lower electricity costs and lower used car prices helped bring down inflation in August. The monthly price growth was just 0.2% (as expected)
“Core” inflation remained at 3.2% —> lowest since April 2021
"Looking for a job can be a full time job, there’s a lot that goes into it." @RobertHalf's Dawn Fay discusses the complexities of today's job market with @CNBC#JuhohnLee. Great story and tips for workers on their 2024 job search. https://t.co/sKTFP5a0Lr
Job growth "slowed" last year, but some perspective: After today's revisions, 2023 now stands as the best year for job growth since 1999, not counting the two years immediately before, as the economy emerged from the pandemic.
Key takeaways from the stellar January jobs report:
1) What layoffs? +353,000 jobs added in January
2) This is a strong economy
3) Wage growth hot at 4.5% (v. 3.4% inflation)
4) Main issues = labor force participation no longer growing and more people unemployed for 27+ weeks
JUST IN: The US economy added a blockbuster 353,000 jobs in January, far exceeding expectations of 180,000. This is a really healthy economy. (December jobs revised up to 333,000)
Unemployment rate: 3.7%
Wage growth: 4.5% in past year —>far ahead of 3.4% inflation
#jobs
Wow. What a jobs report!
JUST IN: The US economy added 336,000 jobs in September – that’s another strong month of hiring that blows away the 170,000 forecast.
Unemployment rate: 3.8% (same as August)
Wage growth: 4.2% y/y (above 3.7% inflation)
Another strong jobs report:
339,000 jobs added in May
3 month average = 283,000
April revised UP +41,000 to 294,000
March revised UP +52,000 to 217,000
Unemployment rate rose slightly to 3.7% as more people look for work and slightly fewer employed
Another month another upside surprise, so is the labor market cooling? Yes, w/ revisions gains in jobs & hours are cooling--hours slowing well below trend due to normalizing workweeks and even fell over past 3m BUT back to the low on UR confirms a still robust labor market
U.S. employers added 253k jobs in April, defying (yet again) predictions of a slowdown. The unemployment rate ticked back down to 3.4%.
Data: https://t.co/6lorYRBdoy
Full coverage: https://t.co/Bx3sjbxrtR
"Is a #recession coming? Most corporate economists don't see a slump happening within a year," @USAToday reports on @nabe_econ's new #business conditions #survey results: https://t.co/afeBcwCgZT
Layoffs at Google, Facebook and Twitter have gotten a lot of attention. But what's striking about the labor market right now isn't how many jobs are getting cut, but how few. Overall layoffs remain well below their prepandemic level.
with @melbournecoal
https://t.co/x1BtIKqCN3
Top takeaways from January jobs report:
1) Job market is strong (better than thought!) +517,000 in January and up in 2022
2) Wage growth is slowing -->Fed wants this
3) 3.4% unemployment -->lowest since 1969
4) Tech layoffs aren't triggering others (yet)
https://t.co/0qbYi4RSwh
Another strong jobs report
The economy added 223,000 jobs in December, beating expectations and only a slight slowdown from 256k in Nov.
**The US gained 4.5 million jobs in 2022, making it one of the best years of job growth ever (behind 2021)**
Unemployment rate = 3.5%
November 2022 #JOLTS Report:
The US labor market is still coming in hot 🔥🔥
📊 Job openings at 10.5 million in November, which is steady from a revised 10.5 in October.
📊 Quits rate ticks up slightly to 2.7%, private sector up to 3%
📊 Layoffs still steady at 0.9%
As we note in Fed setup story today, Chair Powell sees labor shortages as another supply shock, but unlike other shocks, there's little sign of improvement. That means the Fed has to bring labor demand down to lower supply, as Powell said at Brookings.
https://t.co/E7yNyMRdSb