The U.S. economy added 209,000 jobs in June, according to the latest establishment survey by the Bureau of Labor Statistics, less than expected as 306,000 were added in May, as hiring slowed down nationwide. Meanwhile, the unemployment rate remained about the same at 3.6 percent.
Historically, when hiring slows down by establishments, that usually coincides with economic slowdowns and recessions. In the recent cycle, the 2020 and 2021 recovery from COVID notwithstanding, hiring peaked at about 5.2 percent annualized increase in Feb. 2022. Now, it’s down to 2.5 percent.
A newly released survey of small businesses shows that nearly half are having trouble filling job openings.
The National Federation of Independent Businesses released the survey, which found that 44% of small business owners report being unable to fill current job openings, a full 20 points higher than the average reading over the last 49 years.
Retail sales did not meet expectations and the number of job openings declined in states around the country, newly released federal data show.
The U.S. Census Bureau released data Wednesday showing retail sales remained unchanged for the month of July, despite expectations of a 0.1% increase. A drop in gas prices and auto sales helped fuel the decrease.
Job openings remained nearly unchanged in February while Americans continue to leave their jobs in high numbers, the Bureau of Labor Statistics (BLS) announced Tuesday.
The U.S. saw 11.3 million job openings in February, a slight dip from December’s high of 11.4 million, BLS reported Tuesday. Economists surveyed by The Wall Street Journal estimated job openings would slightly decrease from January’s 11.3 million figure.
Job openings in the U.S. remained near their record high while the number of Americans who quit their jobs remained relatively unchanged.
The U.S saw 11.3 million job openings in January, down slightly from December’s revised 11.4 million, according to data from the Bureau of Labor Statistics (BLS). Data provided by FactSet estimated job openings would dip to 10.9 million, according to CNBC.
A record number of American workers quit their jobs in November 2021 as the gap between available jobs and potential workers continues to increase, the Bureau of Labor Statistics reported.
Over 4.5 million workers quit their jobs in November 2021, a jump from October’s 4.1 million, the Bureau of Labor Statistics announced Tuesday.
Quits in accommodation and food services saw the greatest increase, 159,000, while other low-wage sectors like health care, social assistance, transportation, warehousing and utilities also saw spikes as workers looked for jobs with higher pay.