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U.S. businesses added 228,000 new jobs in March, blowing past expectations of around 140,000. The unemployment rate ticked up to 4.2%, and 12-month wage growth slowed to 3.8%. The March jobs report serves as a stark contrast to headlines of the past week. The stock market continued to fall as President Trump announced tariffs on […]
Written by Mallory Vachon, PhD on April 4, 2025
The first jobs report of 2025 paints a picture of a resilient labor market. But as always, there’s a lot more going on below the surface. This report has big implications for employers and HR regarding compensation planning. U.S. businesses added 143,000 new jobs, just below expectations of around 170,000. The unemployment rate ticked down […]
Written by Mallory Vachon, PhD on February 7, 2025
The final jobs report for 2024 was a strong one, capping off a year filled with uncertainty around the U.S. labor market. U.S. businesses added 256,000 new jobs, well above expectations of around 150,000. The unemployment rate ticked down to 4.1%, and 12-month wage growth remained robust at 3.9%. 2024: A Labor Market of Contradictions […]
Written by Mallory Vachon, PhD on January 10, 2025
This week, we break down the latest “First Friday” jobs report. Hiring rebounded substantially in November, largely due to the recoveries from Hurricanes Milton and Helene and the resolution of the Boeing strike. U.S. businesses added 227,000 jobs in November, above expectations of around 200,000. The unemployment rate ticked up to 4.2%, and wages grew […]
Written by Mallory Vachon, PhD on December 6, 2024
This week, we are breaking down the latest “First Friday” jobs report. October’s hiring totals were the lowest since December 2020 but strikes and storms made it an unusually noisy jobs report. U.S. businesses added just 12,000 jobs in October, well below expectations of 120,000. The unemployment rate held steady at 4.1%. Wages grew by […]
Written by Mallory Vachon, PhD on November 1, 2024
This week, we are breaking down the latest “First Friday” jobs report. The U.S. labor market outperformed expectations in September, following a string of jobs reports showing the economy moving in the wrong direction. The economy added 254,000 jobs in September, surpassing expectations of around 150,000. Reversing recent trends of downward revisions, hiring totals for […]
Written by Mallory Vachon, PhD on October 4, 2024
This week, we are breaking down the latest “First Friday” jobs report. The August jobs report was marginally better than July’s report, but the labor market continues to move in the wrong direction. U.S. businesses added 142,000 jobs in August, just below expectations of around 160,000. The unemployment rate ticked down to 4.2% from 4.3% […]
Written by Mallory Vachon, PhD on September 9, 2024
This week, we are breaking down the latest “First Friday” jobs report. I’m writing from Telluride, Colorado in the Rocky Mountains, and the stunning scenery could not provide a greater contrast to this not-so-pretty labor market update. ️ Downtown Telluride by me For months, I have been writing that the jobs report didn’t match what […]
Written by Mallory Vachon, PhD on August 2, 2024
Why Candidates Still Struggle to Find Good Jobs Recent economic reports have been filled with contradictory signals. While negative headlines suggest economic turmoil is just around the corner (predictions that have lasted more than 18 months now), the headline numbers in labor reports have been consistently strong. We continue to see job gains that meet […]
Written by LaborIQ Staff Writer on July 24, 2024
This week, we are breaking down the latest “First Friday” jobs report. June’s hiring totals did not smash expectations. With a respectable 206,000 new jobs added, hiring met expectations for the first time in months. Once again, job gains were concentrated to a few industries, which indicates that private-sector hiring is slowing. The unemployment rate […]
Written by Mallory Vachon, PhD on July 9, 2024
