Posted on Sep 2, 2022
The economy added 315,000 jobs, showcasing a labor market that is still strong
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https://www.npr.org/2022/09/02/ [login to see] /economy-jobs-unemployment-employers-labor-recession-inflation-fed-interest-rates
The U.S. job market remains unusually hot heading into the Labor Day weekend.
Employers added 315,000 jobs in August, according to a report from the Labor Department. The unemployment rate rose to 3.7% from 3.5% in July, but only because nearly 800,000 new people entered the workforce. Employment gains for June and July were revised down by a total of 107,000 jobs.
The U.S. job market remains unusually hot heading into the Labor Day weekend.
Employers added 315,000 jobs in August, according to a report from the Labor Department. The unemployment rate rose to 3.7% from 3.5% in July, but only because nearly 800,000 new people entered the workforce. Employment gains for June and July were revised down by a total of 107,000 jobs.
The economy added 315,000 jobs, showcasing a labor market that is still strong
Posted from npr.orgPosted in these groups: 
Jobs
Employment
Jobs Employment
Posted >1 y ago
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Even as the number of jobs added builds, the now hiring signs do not come down. As people spend there economic stimulus payments, they have to return to the work force
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PO1 William "Chip" Nagel
..."While a few, high-profile businesses like Bed Bath & Beyond have announced job cuts in recent days, most employers are reluctant to lay workers off, despite signs of waning economic growth.
New claims for unemployment benefits — a proxy for layoffs — have fallen in each of the last three weeks, and claims remain very low by historical standards.
What's more, a preliminary estimate from the Labor Department shows job growth in the 12 months ending in March was even stronger than initially reported.
The estimate, released last week, is based on a more comprehensive tally of businesses. It shows there were 462,000 more payroll jobs in March than were reported in the monthly survey. A final job count will be released early next year."
..."While a few, high-profile businesses like Bed Bath & Beyond have announced job cuts in recent days, most employers are reluctant to lay workers off, despite signs of waning economic growth.
New claims for unemployment benefits — a proxy for layoffs — have fallen in each of the last three weeks, and claims remain very low by historical standards.
What's more, a preliminary estimate from the Labor Department shows job growth in the 12 months ending in March was even stronger than initially reported.
The estimate, released last week, is based on a more comprehensive tally of businesses. It shows there were 462,000 more payroll jobs in March than were reported in the monthly survey. A final job count will be released early next year."
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