Current:Home > reviewsThe job market continues to expand at a healthy clip as U.S. heads into Labor Day -TrueNorth Capital Hub
The job market continues to expand at a healthy clip as U.S. heads into Labor Day
View
Date:2025-04-17 14:54:58
The jobs market is holding steady as the country heads into the Labor Day weekend.
Employers added 187,000 jobs last month, marking a modest pickup from the previous month, the Labor Department said on Friday, with health care, hospitality, and construction among the sectors that added the most jobs.
Trucking, however, showed a loss of jobs, due to the shutdown of the Yellow trucking company. Employment in movie production was also down as a result of the writers' and actors' strikes..
The unemployment rate rose in August to 3.8 percent, though that was mainly because more than 700,000 new people joined or re-joined the workforce.
Meanwhile, job gains for June and July were revised down by a total of 110,000 jobs.
The labor market has shown gradual cooling in recent month, but workers are still in strong demand.
Average wages over the last year are up 4.3%, outpacing inflation.
The data comes ahead of the Federal Reserve's next policy meeting later this month.
The Fed has been raising interest rates aggressively in order to cool down inflation and Fed Chair Jerome Powell has said policy makers are ready to raise them more if needed.
veryGood! (84)
Related
- Trump's 'stop
- Aaron Rodgers' injury among 55 reasons cursed Jets' Super Bowl drought will reach 55 years
- The Justice Department says there’s no valid basis for the judge to step aside from Trump’s DC case
- Casino giant Caesars Entertainment reports cyberattack; MGM Resorts says some systems still down
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Planned Parenthood Wisconsin resumes abortion procedures after new court ruling
- ¿Cuándo es el Día de la Independencia en México? No, no es el 5 de mayo
- Autoworkers are on the verge of a historic strike
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Water bead recall: 1 death, 1 injury linked to toy kits sold at Target
Ranking
- Meta donates $1 million to Trump’s inauguration fund
- 'It couldn't have come at a better time': Michigan family wins $150,000 Powerball jackpot
- Manhunt ends after Cavalcante capture, Biden's polling low on economy: 5 Things podcast
- Florida man who hung swastika banner on highway overpass is arrested
- Global Warming Set the Stage for Los Angeles Fires
- Is Gen Z sad? Study shows they're more open about struggles with mental health
- Southern Charm's Craig Conover Breaks Silence on Paige DeSorbo Cheating Accusation
- Repurposing dead spiders, counting cadaver nose hairs win Ig Nobels for comical scientific feats
Recommendation
Highlights from Trump’s interview with Time magazine
Ohio attorney general rejects language for political mapmaking reform amendment for a second time
Fossils reveal gnarly-looking predators who roamed Earth long before dinosaurs
Homicide suspect who fled into Virginia woods hitched a ride back to Tennessee, authorities say
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Police: Suburban Chicago tent collapse injures at least 26, including 5 seriously
Casino giant Caesars Entertainment reports cyberattack; MGM Resorts says some systems still down
Recent floods heighten concerns that New England dams may not be built for climate-induced storms