July Labor Market Shows Signs of Slowing Momentum The July Employment Situation Report shows the labor market is feeling pressure from both long-term challenges and short-term changes. Job creation remained sluggish, with only 73,000 jobs added, significantly lower than June’s revised total and well below the 115,000 expected by economists. At the same time, the unemployment rate ticked up to 4.2%, reflecting ongoing challenges with labor force participation and persistent economic uncertai...| Engage2Excel Blog
Labor Market Continues to Cool in June June’s labor report reinforces a pattern of moderated job growth amid economic headwinds. While the pace of hiring remains positive, gains have slowed and sector imbalances persist.| Engage2Excel Blog
May Labor Market Resilient but Cools Slightly The May labor market report continues to reflect a gradual cooling trend in the U.S. economy. Job gains came in above expectations but remain well below the levels seen throughout most of 2023 and early 2024. Revisions to prior months trimmed 95,000 jobs from March and April totals.| Engage2Excel Blog
April 2025 Jobs Report: The Economy is Still Growing But Cautiously The U.S. economy added 177,000 jobs in April 2025, exceeding expectations but reflecting a deceleration from the prior month’s upwardly revised 185,000 gains. The unemployment rate remained at 4.2%, holding steady for the third consecutive month. While hiring continued in several sectors, particularly healthcare, transportation and warehousing, and financial activities—layoffs in the federal government and manufacturing h...| Engage2Excel Blog
Learn about the latest labor market trends and winning strategies for employers in our June 2024 Talent Market Insights.| TERRA Staffing Group