How the Huge Wave of Immigrants into the US in 2022 and 2023 Impacts the Employment Data of the BLS Household Survey by Wolf Richter • Apr 3, 2024 • 112 Comments The BLS uses the Census Bureau’s understated population estimates that ignore the surge of immigrants. But the CBO’s estimates pick them up.
This Labor Market Is Not Loosening Further: Fed Gets More Reason for Wait-and-See by Wolf Richter • Apr 2, 2024 • 86 Comments But the headlines-grabbing layoff announcements had the effect of calming the churn.
Employment Trends in Manufacturing; Construction; Oil & Gas; Professional & Business Services; Information; Healthcare; Retail; Leisure & Hospitality; Finance; Transportation… by Wolf Richter • Mar 8, 2024 • 99 Comments The Good, the Bad, and the Ugly?
Colossal Churn in the Labor Market Ends: Voluntary Quits, Job Openings, Layoffs & Discharges, and Hires by Wolf Richter • Mar 6, 2024 • 90 Comments The headlines about massive layoff announcements had their intended psychological effect on workers.
Great to Have a Good Job Market with Surging Wages, but Rate-Cut Mania Takes a Hit. And We Fret about Inflation Reheating by Wolf Richter • Feb 2, 2024 • 163 Comments It’s not just the top 10% or whatever who got the wage increases.
Despite Alphabet’s Layoffs at Google, Headcount Increased for Second Quarter in a Row. But the Huge Hiring Binge Is Over by Wolf Richter • Feb 1, 2024 • 47 Comments As Powell said, the labor market is rebalancing; it’s still tight, but it’s not out of whack anymore.
Which Industries Lost Jobs, Which Gained Jobs, including Government Jobs: Longer-Term Employment Trends in Charts by Wolf Richter • Jan 7, 2024 • 70 Comments Some are hot, some are cold. And a special look at employment in oil & gas drilling and in mining.
A Jobs Report of an Economy Plugging Along Just Fine Despite 5.5% Rates & Recession Fears. But Wage Growth Heats Up by Wolf Richter • Jan 5, 2024 • 216 Comments Average hourly earnings fuel worries on the inflation front.
Job Openings by Industry: From Construction at New Highs to Information where Openings Vanished by Wolf Richter • Jan 3, 2024 • 51 Comments The vast differences between industries.
More Signs that Power in the Labor Market Has Shifted from Workers back to Employers by Wolf Richter • Jan 3, 2024 • 69 Comments People quit quitting, so fewer job openings to fill, fewer people to hire, less churn. Good for employers, not so good for workers. Layoffs & discharges dropped below Good-Times lows.
