Job growth picked up slightly in November, with 199,000 jobs added — 150,000 in the private sector and 49,000 in the public sector. The unemployment rate fell to 3.7%, and while layoffs have risen since October, they remain below historical averages. The labor force participation rate increased slightly to 62.8%, remaining close to the pre-pandemic level (63.3%). Unemployed workers per job opening was at 0.75, and job openings fell to 8.73 million. Quits remained relatively unchanged, still at 5% above pre-pandemic levels.
The core business areas Aston Carter supports were impacted in November, with finance and insurance jobs decreasing by 4,100 and professional and business services jobs decreasing by 9,000.
Labor Market Analysis
Job growth continued to accelerate last month as the U.S. economy added 275,000 new jobs in February, according to the U.S. Bureau of Labor Statistics. Read more about February's labor market trends in this month's report.
Read More www.astoncarter.com/en/insights/labor-reports/march-2024-labor-market-analysis
Labor Market Analysis
Job growth picked up in December, with 216,000 jobs added, while unemployment rate held steady at 3.7%.
Read More www.astoncarter.com/en/insights/labor-reports/january-2024-labor-market-analysis
Labor Market Analysis
Job growth cooled in October, with 150,000 jobs added — while the unemployment rate rose slightly.
Read More www.astoncarter.com/en/insights/labor-reports/november-2023-labor-market-analysis
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