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U.S. job growth unexpectedly softened in April from the prior month, suggesting that difficulty attracting workers is slowing momentum in the labor market.
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Despite job openings and increasing unemployment, employers are having a hard time filling roles formerly occupied by non-American workers.
Employers are growing cautious about expanding their staff, while at the same time mostly holding onto their existing workers.
Job cuts mirror early pandemic levels, and more people than ever are working multiple jobs to keep up with economic needs.
U.S. private-sector hiring and wage growth slowed in December, with employers adding just 122,000 jobs.
U.S. hiring picked up in November and the unemployment rate increased, pointing to a moderating labor market rather than one that’s significantly deteriorating. Nonfarm payrolls rose 227,000 last month following an upwardly revised 36,000 gain in October — a month constrained by storms and strikes — according to Bureau of Labor Statistics figures released Friday. […]
