Current:Home > ScamsThe job market continues to expand at a healthy clip as U.S. heads into Labor Day -Finovate
The job market continues to expand at a healthy clip as U.S. heads into Labor Day
View
Date:2025-04-26 12:55:12
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! (33276)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- California lawmakers vote to reduce deficit by $17 billion, but harder choices lie ahead
- QB Shedeur Sanders attends first in-person lecture at Colorado after more than a year
- Meet The Real Housewives of Dubai's Fiery New Housewife in Sizzling Season 2 Trailer
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- What American Crime Story: The People v. O.J. Simpson Got Right and Wrong About His Life
- O.J. Simpson dies at 76: The Kardashians' connections to the controversial star, explained
- The internet is attacking JoJo Siwa — again. Here's why we love to hate.
- DoorDash steps up driver ID checks after traffic safety complaints
- Ex-NBA player scores victory with Kentucky bill to expand coverage for stuttering treatment
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Alaska House passes budget with roughly $2,275 payments to residents, bill goes to Senate
- Here’s how investigators allege Ippei Mizuhara stole $16 million from Shohei Ohtani
- Taylor Swift's music is back on TikTok a week before the release of 'Tortured Poets'
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Ralph Puckett Jr., army colonel awarded Medal of Honor for heroism during Korean War, dies at 97
- Caleb Williams, Marvin Harrison Jr. among 13 prospects to attend 2024 NFL draft
- $50K Olympic track prize the latest in a long, conflicted relationship between athletes and money
Recommendation
'We're reborn!' Gazans express joy at returning home to north
Disney fires back at Gina Carano over 'Mandalorian' firing lawsuit: 'Disney had enough'
Tom Hanks Reveals Secret to 35-Year Marriage With Rita Wilson
Mattel launches new 'collaborative,' less intimidating version of Scrabble: What we know
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
TikToker Nara Smith Gives Birth, Welcomes Baby No. 3 With Husband Lucky Blue Smith
Tom Brady is 'not opposed' coming out of retirement to help NFL team in need of QB
A German art gallery employee snuck in his own art in hopes of a breakthrough. Now the police are involved.