Current:Home > NewsThe job market continues to expand at a healthy clip as U.S. heads into Labor Day -PureWealth Academy
The job market continues to expand at a healthy clip as U.S. heads into Labor Day
View
Date:2025-04-15 19:02:30
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! (5149)
Related
- Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
- Travis Kelce Details His and Taylor Swift’s Enchanted Coachella Date Night
- John Lennon's son Sean Ono Lennon, Paul McCartney's son James McCartney release song together
- Catholic officials in Brooklyn agree to an independent oversight of clergy sex abuse allegations
- Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
- A vehicle backfiring startled a circus elephant into a Montana street. She still performed Tuesday
- What Iran launched at Israel in its unprecedented attack, and what made it through the air defenses
- Public domain, where there is life after copyright
- Sonya Massey's family keeps eyes on 'full justice' one month after shooting
- Influencer photographs husband to recreate Taylor Swift's album covers
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- CBS News poll: Rising numbers of Americans say Biden should encourage Israel to stop Gaza actions
- What Jax Taylor Said About Divorce Months Before Brittany Cartwright Breakup
- This new Google Maps feature is game changer for EV drivers
- Southern California rocked by series of earthquakes: Is a bigger one brewing?
- Officials work to pull out 7 barges trapped by Ohio River dam after 26 break loose
- Wisconsin Supreme Court to hear arguments in Democratic governor’s suit against GOP-led Legislature
- OSBI identifies two bodies found as missing Kansas women Veronica Butler, Jilian Kelley
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Beware the cicada killer: 2024 broods will need to watch out for this murderous wasp
How a Tiny Inland Shorebird Could Help Save the Great Salt Lake
The fluoride fight: Data shows more US cities, towns remove fluoride from drinking water
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Feds charge arms dealers with smuggling grenade launchers, ammo from US to Iraq and Sudan
Video shows car flying through the air before it crashes into California home
Two best friends are $1 million richer after winning the Powerball prize in New Jersey