Current:Home > InvestThe job market continues to expand at a healthy clip as U.S. heads into Labor Day -WealthGrow Network
The job market continues to expand at a healthy clip as U.S. heads into Labor Day
View
Date:2025-04-16 04:30:37
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! (483)
Related
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Tony Bennett Dead at 96: Anderson Cooper, Carson Daly and More Honor the Legendary Singer
- RHOA Alum NeNe Leakes' Son Bryson Arrested on Felony Drug Possession Charges
- Allow Harry Styles to Take You to the Circus in Must-See Daylight Music Video
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Pete Davidson Gets Community Service Time for Reckless Driving Charge
- Vanderpump Rules’ Ariana Madix and Tom Sandoval Still Live Together 4 Months After Breakup
- Maria Menounos Shares Insight Into First Weeks of Motherhood With Her Baby Girl
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- How John Krasinski's Elevator Ride Led to Emily Blunt’s Oppenheimer Casting
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Gigi Hadid Shows Subtle Support to Ex Zayn Malik as He Returns to Music
- NASA's mission to purposely collide with asteroid sent 'swarm of boulders' into space
- Kylie Jenner Sets Record Straight on Plastic Surgery Misconceptions
- North Carolina justices rule for restaurants in COVID
- Hailey Bieber Will Influence You to Try TikTok's Viral Latte Makeup Trend
- Hannah Gosselin Shares New Photos From Texas Amid Jon & Kate Family Feud
- Scorching temperatures to persist in the West for another week
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Get Cozy With 60% Off Barefoot Dreams Deals: Cardigans, Blankets, Pajamas, Loungewear, and More
RHONY's Luann de Lesseps Has the Best Reaction to Bethenny Frankel and Jill Zarin's Reunion
Nordstrom Clear the Rack Last Day to Shop: Jaw-Dropping Deals Including $3 Swimsuits
B.A. Parker is learning the banjo
Why Margot Robbie and Ryan Gosling Are the Perfect Barbie and Ken
The 16 Best Beauty Launches From July 2023: Rare Beauty, Rhode, Kylie Cosmetics, Olaplex, Tower 28 & More
Stop High Heel Pain Before It Starts With This Foot Spray