Current:Home > reviewsThe job market continues to expand at a healthy clip as U.S. heads into Labor Day -EverVision Finance
The job market continues to expand at a healthy clip as U.S. heads into Labor Day
View
Date:2025-04-12 03:45:44
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! (5397)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Nordstrom Anniversary Sale 2023: Everything Ambassadors Need to Know to Score the Best Deals
- As Emissions From Agriculture Rise and Climate Change Batters American Farms, Congress Tackles the Farm Bill
- Rooftop Solar Is Becoming More Accessible to People with Lower Incomes, But Not Fast Enough
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Texas Environmentalists Look to EPA for Action on Methane, Saying State Agencies Have ‘Failed Us’
- Reese Witherspoon Addresses Speculation About Her Divorce From Jim Toth
- A Gary, Indiana Plant Would Make Jet Fuel From Trash and Plastic. Residents Are Pushing Back
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Turning unused office space into housing could solve 2 problems, but it's tricky
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- Here's what happens to the body in extreme temperatures — and how heat becomes deadly
- Summer School 2: Competition and the cheaper sneaker
- How climate change could cause a home insurance meltdown
- The Daily Money: Spending more on holiday travel?
- Taco John's has given up its 'Taco Tuesday' trademark after a battle with Taco Bell
- Why Author Colleen Hoover Calls It Ends With Us' Popularity Bittersweet
- Maryland, Virginia Race to Save Dwindling Commercial Fisheries in the Chesapeake Bay
Recommendation
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
RHOBH's Garcelle Beauvais Shares Update on Kyle Richards Amid Divorce Rumors
Massachusetts Utilities Hope Hydrogen and Biomethane Can Keep the State Cooking, and Heating, With Gas
A 3M Plant in Illinois Was The Country’s Worst Emitter of a Climate-Killing ‘Immortal’ Chemical in 2021
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Wide Leg Pants From Avec Les Filles Are What Your Closet’s Been Missing
Mosquitoes spread malaria. These researchers want them to fight it instead
Lake Powell Drops to a New Record Low as Feds Scramble to Prop it Up