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Search resuls for: "Sarah Chaney Cambon"


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☆ March Jobs Report to Show Whether Hiring Boom Continued
  + stars: | 2023-04-07 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/march-jobs-report-unemployment-rate-economy-growth-2023-3338931f
☆ March Jobs Report Shows Hiring Gradually Cooling
  + stars: | 2023-04-07 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
U.S. hiring slightly cooled in March as employers added 236,000 workers, and the unemployment rate fell to 3.5%. The labor market has remained solid a year after the Federal Reserve began aggressively raising interest rates to tame high inflation. Employers added jobs last month in leisure and hospitality, government, professional and business services and health care. They cut jobs in construction, manufacturing and retail, the Labor Department said Friday.
☆ Bank Failures. High Inflation. Rising Rates. Is the Resilient Jobs Market About to Crack?
  + stars: | 2023-04-06 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
The U.S. labor market has been on a tear since the economy bounced back from the pandemic, with employers adding 5.6 million jobs since the start of 2022 alone. Despite a wave of layoffs in technology and finance, many employers have kept hiring through the highest inflation in 40 years and the fastest pace of interest-rate increases since the 1980s. Recent banking-industry turmoil added another economic risk and raises the question: Is the long-resilient labor market about to slip?
☆ Sunbelt Cities Nashville and Austin Are Nation’s Hottest Job Markets
  + stars: | 2023-04-01 | by ( Sarah Chaney Cambon | Danny Dougherty | ) www.wsj.com   time to read: 1 min
To find the best job markets in America, head to the South. Nashville, Tenn., topped the list of 2022’s hottest job markets, followed by Austin, Texas, and Jacksonville, Fla. Other cities known for tourism—notably Orlando, Las Vegas and New Orleans—climbed the ranks last year.
☆ Low Jobless Claims Show Labor Market Shrugs Off Economy’s Clouds
  + stars: | 2023-03-30 | by ( Sarah Chaney Cambon | Austen Hufford | ) www.wsj.com   time to read: 1 min
A job fair in Sunrise, Fla. The level of U.S. jobless claims fluctuated earlier this month but broadly remains low. Worker filings for unemployment benefits rose last week but were still historically low, showing that the broader labor market remains robust despite large companies announcing layoffs. Initial jobless claims, a proxy for layoffs, increased by 7,000 to a seasonally adjusted 198,000 last week, the Labor Department said Thursday.
☆ Jobs Report to Show U.S. Economy’s Momentum in February
  + stars: | 2023-03-10 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
Large parts of the economy—including restaurants, hospitals and nursing homes—are driving recent growth. February’s jobs report will offer clues about the U.S. economy’s health at the start of the year. Employers added a robust 517,000 jobs in January, and the unemployment rate fell to 3.4%, the lowest in more than 53 years. The job gains snapped months of slowing employment growth, surprised economists and anchored evidence of resilient economic growth despite high inflation and rising interest rates.
☆ U.S. Employers Added a Solid 311,000 Jobs in February
  + stars: | 2023-03-10 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/february-jobs-report-unemployment-rate-economy-growth-2023-e4b1d318
☆ ​Women’s Return to the Workforce Piles Momentum on a Hot Economy
  + stars: | 2023-03-08 | by ( Sarah Chaney Cambon | Lauren Weber | ) www.wsj.com   time to read: 1 min
American women are staging a return to the workforce that is helping propel the economy in the face of high inflation and rising interest rates. Women have gained more jobs than men for four straight months, including in January’s hiring surge, pushing them to hold more than 49.8% of all nonfarm jobs. Female workers last edged higher than men on U.S. payrolls in late 2019, before the pandemic sent nearly 12 million women out of jobs, compared with 10 million men.
☆ Jobless Claims Edged Lower Last Week
  + stars: | 2023-02-23 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/jobless-claims-edged-lower-last-week-84f80188
☆ Mass Layoffs or Hiring Boom? What’s Actually Happening in the Jobs Market
  + stars: | 2023-02-09 | by ( Sarah Chaney Cambon | Ray A. Smith | ) www.wsj.com   time to read: 1 min
Interest rates are rising, inflation is elevated and recession fears linger. Despite all that, employers keep hiring. The U.S. added 1.1 million jobs over the past three months and ramped up hiring in January. That appears puzzling, given last year’s economic cool down, signs that consumers are pulling back on spending as their savings dwindle, and a stream of corporate layoff announcements, particularly in technology.
☆ Restaurant, Healthcare Jobs Led January Hiring Surge
  + stars: | 2023-02-03 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
Restaurants were among employers that hired at a robust pace in January. Employment surged in January, with widespread gains across most sectors as the job market remained a bastion of strength in an otherwise slowing economy. Employers in leisure and hospitality led January’s job growth, as restaurants, bars and hotels hired at a robust pace. Healthcare organizations snapped up workers last month to fill roles at doctors’ offices and outpatient facilities. Professional-and-business services, which includes many white-collar jobs in accounting, consulting and architecture, also hired at a fast pace, Friday’s Labor Department report showed.
☆ U.S. GDP Rose 2.9% in the Fourth Quarter After a Year of High Inflation
  + stars: | 2023-01-26 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
Consumers, the economy’s main engine, spent at a solid pace of 2.1% in the final three months of last year. The U.S. economy entered 2023 with less momentum as growth cooled amid rising interest rates and high inflation. U.S. gross domestic product grew at a seasonally adjusted annual rate of 2.9% in the final three months of 2022, down slightly from a 3.2% annual rate in the third quarter, the Commerce Department said Thursday.
☆ GDP Report Shows Economic Growth Cooled Slightly in Fourth Quarter
  + stars: | 2023-01-26 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
The trajectory of the economy largely depends on how consumers fare in the coming months. U.S. economic growth cooled to a 2.9% annual rate in the fourth quarter, capping a year of high inflation and rising interest rates. U.S. gross domestic product growth at the end of the year was down slightly from a 3.2% annual rate in the third quarter, the Commerce Department said Thursday. The three months from October to December capped a year of economic cool-down from a rapid pandemic rebound that fueled red-hot growth in 2021.
☆ Fourth-Quarter GDP Report to Show Pace of U.S. Growth Late Last Year
  + stars: | 2023-01-26 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
The trajectory of the economy largely depends on how consumers fare in the coming months. The U.S. fourth-quarter gross domestic product report will offer a snapshot of the economy at the end of a year in which consumers and businesses faced the highest inflation in four decades and a fast rise in interest rates. The three months from October to December capped a year of economic cool-down from a rapid pandemic rebound that fueled red-hot growth in 2021. Last year, consumers spent at a slower pace, employers pulled back on hiring and the housing market weakened.
☆ Companies Cut Temp Workers in Warning Sign for Labor Market
  + stars: | 2023-01-24 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
Employers are shedding temporary workers at a fast rate, a sign that broader job losses could be on the horizon. In the last five months of 2022, employers cut 110,800 temp workers, including 35,000 in December, the largest monthly drop since early 2021. Many economists view the sector as an early indicator of future labor-market shifts.
☆ Unemployed Americans Find Job Searches Take Longer as Labor Market Cools
  + stars: | 2023-01-21 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
Sarah Herhilan is finding that the competition is stiffer than in the latter half of 2021, when she was also looking for work. When Jeffrey Durante was laid off from a financial technology company in August, he hoped he could land a new job by November. But come mid-January, Mr. Durante was still searching for a product-manager job or related role. And he isn’t alone.
☆ Jobless Claims Fell by 15,000 Last Week
  + stars: | 2023-01-19 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
The U.S. labor market remains strong but has gradually lost steam in recent months. Jobless claims declined last week to the lowest level since September, suggesting the labor market remained tight at the start of the year. Initial jobless claims, a proxy for layoffs, fell by 15,000 to a seasonally adjusted 190,000 last week, the Labor Department said Thursday. Claims are up from lows reached early in 2022, but continue to hover near prepandemic levels when the job market was also tight.
☆ As White-Collar Layoffs Rise, Blue-Collar Resilience Faces Test in 2023
  + stars: | 2023-01-09 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
Layoffs at white-collar companies are starting to rise. Now the question hanging over the economy in 2023 is whether that trend spreads to blue-collar industries as interest rates bite. Average layoffs in finance and insurance from September to November nearly doubled from a year earlier, according to Labor Department data released this past week. Job cuts picked up by more than 20% among real-estate lessors, brokers and agents over the same period, and by about 14% in the tech-heavy information sector.
☆ Job-Openings Report to Give Snapshot of Labor Demand
  + stars: | 2023-01-04 | by ( Sarah Chaney Cambon | Bryan Mena | ) www.wsj.com   time to read: 1 min
Strong labor demand and limited worker supply in some corners of the economy could cap layoffs. The Labor Department’s November report on job openings and turnover is expected to show how demand for workers fared toward the end of 2022. The U.S. labor market remains historically strong, with employers adding an average of 392,000 jobs a month in 2022 through November, according to the Labor Department. The pace of job growth was more than double that of 2019, the year before Covid-19 hit the U.S. economy.
☆ Stay for Pay? Companies Offer Big Raises to Retain Workers
  + stars: | 2023-01-02 | by ( Gabriel T. Rubin | Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
Employers are giving existing employees more merit and other pay increases, to defend against poaching by rivals and avoid the drain of training new workers. Workers who stay put in their jobs are getting their heftiest pay raises in decades, a factor putting pressure on inflation. Wages for workers who stayed at their jobs were up 5.5% in November from a year earlier, averaged over 12 months, according to the Federal Reserve Bank of Atlanta. That was up from 3.7% annual growth in January 2022 and the highest increase in 25 years of record-keeping.
☆ Laid Off Tech Workers Quickly Find New Jobs
  + stars: | 2022-12-27 | by ( Sarah Chaney Cambon | Gwynn Guilford | ) www.wsj.com   time to read: 1 min
Most laid off tech workers are finding jobs shortly after beginning their search, a new survey shows, as employers continue to scoop up workers in a tight labor market. About 79% of workers recently hired after a tech-company layoff or termination landed their new job within three months of starting their search, according to a ZipRecruiter survey of new hires. That was just below the 83% share of all laid-off workers who were re-employed in the same time frame.
☆ Jobless Claims Fell by 20,000 Last Week
  + stars: | 2022-12-15 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
U.S. unemployment filings declined last week to the lowest level since late September, a sign the labor market remains historically tight. Initial jobless claims, a proxy for layoffs, fell by 20,000 to a seasonally adjusted 211,000 last week, the Labor Department said Thursday. Claims are up from lows this spring, but remain at levels that suggest many employers are holding tight to workers.
☆ You’re Hired! No Interview Required in Tight Labor Market
  + stars: | 2022-12-10 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
Some employers racing to snap up workers in the tight labor market are omitting a step once considered crucial to hiring: the job interview. United Parcel Service Inc. has bulked up its staff without conducting job interviews for package handlers and seasonal drivers. Home Depot Inc. has sent job offers as quickly as 24 hours after candidates apply, in some cases eliminating the interview process. Gap Inc. has dropped job interviews for some warehousing positions.
☆ November Employment Report Will Update on Tightness of U.S. Labor Market
  + stars: | 2022-12-02 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/november-jobs-report-unemployment-rate-economy-growth-2022-11669944597
☆ November Employment Report Shows U.S. Economy Added 263,000 Jobs
  + stars: | 2022-12-02 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
The U.S. economy added 263,000 jobs in November and the jobless rate remained at 3.7%, signs of continued strength in the labor market. The November payrolls gain compared with an upwardly revised 284,000 jobs in October, the Labor Department said Friday. Payrolls grew in leisure and hospitality, healthcare and government. Retailers and transportation-and-warehousing companies cut jobs in a sign of weak holiday hiring.
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