Current:Home > NewsThe job market continues to expand at a healthy clip as U.S. heads into Labor Day -EliteFunds
The job market continues to expand at a healthy clip as U.S. heads into Labor Day
View
Date:2025-04-27 20:07:59
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! (22)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Chicago police officer wounded, man dead after gunfire exchanged during traffic stop, police say
- Bus hijacked in downtown Los Angeles collides with several vehicles and crashes into a hotel
- Bus hijacked in downtown Los Angeles collides with several vehicles and crashes into a hotel
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Kim Kardashian Honors Aunt Karen Houghton After Her Death
- A Nashville guide for those brought here by Beyoncé: Visit these Music City gems
- United Airlines now allows travelers to pool their air miles with others
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Shakira has a searing song with Cardi B and it's the best one on her new album
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Save 44% on the TikTok-Loved Solawave Skincare Wand That Works in 5 Minutes During Amazon's Big Sale
- Final ex-Mississippi 'Goon Squad' officer sentenced to 10 years in torture of 2 Black men
- Is black seed oil a secret health booster? Here's what the research says
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Beyoncé to be honored with Innovator Award at the 2024 iHeartRadio Music Awards
- Land purchases by Chinese ‘agents’ would be limited under Georgia bill; Democrats say it’s racist
- Dominic Purcell Shares Video of Tish and Brandi Cyrus Amid Rumored Family Drama
Recommendation
DoorDash steps up driver ID checks after traffic safety complaints
Women's March Madness games today: Schedule, how to watch Friday's NCAA tournament games
Carlee Russell, Alabama woman who faked her own kidnapping, gets probation for hoax
How Chinese science fiction went from underground magazines to Netflix extravaganza
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Authorities say Ohio man hid secret for 30 years. He's now charged for lying about his role in Rwandan genocide.
Gisele Bündchen Details Battle With Severe Panic Attacks and Depression in Her 20s
Savor this NCAA men's tournament because future Cinderellas are in danger