Open Systems Technologies is pleased to hear about the addition of 206,000 jobs in June, even as the unemployment rate slightly rose to 4.1%. The Bureau of Labor Statistics' latest report reveals a robust job market and a modest rise in average hourly pay, which may ease inflation concerns for the Federal Reserve. These developments give us optimism about the economic outlook and the potential for stabilizing policies in the near future. As always, we're dedicated to supporting this positive momentum by connecting talented professionals with exciting career opportunities. #Economy #JobsReport Read More: https://lnkd.in/e_iCn4ED
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In case you just want the key points... - 70% of the September #job gains were in three sectors: #government, #healthcare, and #hospitality and leisure. - Job gains in professional services, such as architects, marketers, engineers and managers, rose by 21,000 jobs, less than half the number from September 2022. - #InformationTechnology has been particularly hard hit. While the overall #unemployment rate was flat at 3.8%, the information-technology sector’s unemployment rate rose to 4.3%. - The cooling #hiring market means more #JobSeekers will have to decide what’s most important to them—more #pay or a #remote role, for instance—and compromise. - Larger companies—those that typically offer the full slate of #benefits that attract many white-collar workers, such as paid parental leave and several weeks of #vacation time—lost 83,000 jobs, wiping out the jobs they added in August. Thoughts?
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The U.S. Department of Labor released May employment data today and there are some glimmers and pauses in the numbers. The good news: More jobs were added in May than in April. There is some progress in hiring growth, but it’s slow. The bad news: Unemployment increased to 4%. This seems to mirror what I’m seeing across clients. Companies that want to hire and have confidence in their sector are hiring quick. Companies are placing more scrutiny on roles and where they can generate more impact with less money. And some companies are still hopping in and out of hiring and aren’t sure what the next 6 months hold. Did you feel any changes in the job market in May? #unemployment #hiring #jobsearch
U.S. Employers Added 272,000 Jobs in May
wsj.com
