Align Commercial Real Estate’s Post

Private sector job growth expanded in March at its fastest pace since July 2023, indicating continuing buoyance in the U.S. labor market. Additionally, wages for workers who stayed in their jobs increased 5.1% from a year ago.

The U.S. added 175,000 jobs, and the unemployment rate increased to 3.9%. Read more about the April 2024 jobs report and reach out if you would like to speak on its impact in more depth!

April's job growth missed estimates, as there were 175k new jobs created vs the 243k that were expected. The data suggests softening in the labor sector, which could pressure the Fed to cut rates if this trend continues. #jobs #Lender #rates #mortgageknow #letsgetlowerrates #housing #mortgagenews

Private sector job growth was below forecasts in November, as employers added 146K new jobs versus the 163K that were expected. However, pay gains edged higher for job stayers for the first time in 25 months. Job changers saw an increase as well. #adp #jobs #economy #summitmortgage

2024 March job report! - The U.S. economy experienced a surge in job creation in March 2024, with the Bureau of Labor Statistics (BLS) announcing an addition of 303,000 jobs, indicating a faster rate of hiring. - 3.8% Unemployment rate and the 0.3% increase in average hourly earnings outperformed compared to the previous month - The Federal Reserve has indicated that it requires further confirmation of a slowdown in employment to effectively lower inflation to its 2% target. Per the Bureau of Labor Statistics #pilot29 #recruiting #staffing #econemy #jobs

August Job Gains Likely to Trigger Interest Rate Cut. U.S. employers added 142,000 new jobs in August, a solid number but below expectations and yet another signal of a continued slowdown in the labor market, according to the latest employment report from the U.S. Bureau of Labor Statistics.

How can job reports say that there were nearly a half-million fewer people working in a reporting period, yet the report also says that there was a gain in jobs? Making it more weird is that the unemployment rate went up. I don't understand. #jobs #economy #employment

The job report was very strong with 272,000 new jobs versus the expectation of 185,000. Even if you adjust for more days in May versus April the number of new jobs was still higher than expected. Unemployment went up from 3.9% to 4%.

WSJ: U.S. job growth burst past expectations last month but the unemployment rate edged up to 4%, presenting a mixed view of a labor market that has generally been cooling without overly troubling most workers. Total nonfarm U.S. jobs increased a seasonally adjusted 272,000 jobs in May, the Labor Department reported on Friday, more than in April and well above the 190,000 economists had expected. Average hourly earnings also topped forecasts, rising 4.1% from a year earlier. The unemployment rate edged up from April’s 3.9%, hitting 4% for the first time in more than two years.

The U.S. job market showed resilience in November with 227,000 new jobs added, bringing the unemployment rate to 4.2%. However, economists caution against interpreting this as a sign of robust growth, noting underlying signs of a potential slowdown. The job gains were led by healthcare and leisure sectors, while retail trade lost 28,000 jobs. Experts suggest the true picture requires averaging the past two months, which reveals a continued deceleration in hiring. The labor market's future trajectory remains uncertain and will likely depend on the approach of the incoming administration, with some economists viewing the current situation as a potential "soft landing" into 2025.