Job growth cooled in October, with 150,000 jobs added — 99,000 in the private sector and 51,000 in the public sector. The unemployment rate rose slightly at 3.9%, the highest rate since February 2022, but is still historically low. Layoffs have declined sharply since August, remaining below historical averages. The labor force participation rate dropped slightly to 62.7%, close to the pre-pandemic level (63.3%). Unemployed workers per job opening remained the same (.66), and job openings were at 9.55 million.
The core business areas Aston Carter supports were impacted in October, with finance and insurance jobs decreasing by 8,000 and 15,000 professional and business services jobs being added.
Labor Market Analysis
Unemployment rises to 4.3%, inflation declines for the fourth consecutive month.
Read More www.astoncarter.com/en/insights/labor-reports/august-2024-labor-market-analysis
Labor Market Analysis
Unemployment reaches 4.1%, inflation eased slightly to 3%.
Read More www.astoncarter.com/en/insights/labor-reports/july-2024-labor-market-analysis
Labor Market Analysis
Unemployment reaches 4%, inflation eased slightly to 3.3%.
Read More www.astoncarter.com/en/insights/labor-reports/june-2024-labor-market-analysis
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