Job Numbers in the News
A snapshot of the stats
The recent job market numbers look good! Check out some sorta-fresh data in the news headlines:
Job Openings
Employers posted 9.8 million job vacancies, down from 10.3 million in April, according to the Labor Department.
Payroll
Unemployment Rate
Unemployment is around 3.6%. This is good for workers! The historical average is around 5.72%.
Wages
Wages are finally rising faster than inflation. Per the Labor Dept., real average hourly earnings are up 1.2% in the 12 months ended in June.
Takeaways
Cooler job market - but still strong.
Labor market is resilient despite higher interest rates.
Your budget may not be feeling better right now despite the good numbers, but the data suggests labor markets are in good shape.
FED may achieve a soft landing in the battle against inflation which affects labor markets, but some remain skeptical.
Stay tuned for job market updates in the news around the beginning of each month.