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The year opened with a bang as employers added 353,000 jobs in January, far exceeding the most optimistic of forecasts. Revisions also raised the November job number to 182,000 and also added 117,000 more jobs to December. “The labor market is certainly cooling,” Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management, said ahead of the report. “I think the labor market by many measures is at or nearing normal, but not totally back to normal,” Powell told reporters. But it is hard to contain the enthusiasm that a strong jobs report along with moderating inflation is good for most Americans.

Persons: “, ”, Becky Frankiewicz, isn’t, ” “ We’re, December’s downwardly, ” Brent Schutte, seasonality, Amy Glaser, Glaser, Chris Todd, ” Todd, Jerome Powell, ” Powell, “ It’s, Julia Pollak, ” Schutte Organizations: ADP, Northwestern Mutual Wealth Management, Adecco, BLS, Federal Reserve, Federal

☆ Here's where the jobs are for January 2024 — in one chart
▼ + stars: | 2024-02-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The hiring was led by health care and social assistance, which added more than 100,000 jobs. If you include private education in that category, as some economists do, that total jumps to 112,000 jobs. The U.S. labor market continues to surprise economists and Wall Street with its resilience, as broad job gains in January led to employment growth of 353,000 . Health care job growth was boosted by 33,000 net hires in ambulatory health services and 20,000 in hospitals, according to the Bureau of Labor Statistics. Manufacturing employment jumped by 23,000 jobs after seeing little growth last year.

Persons: Julia Pollak, ZipRecruiter Organizations: Health, Bureau of Labor Statistics, BLS Locations: U.S

☆ The economy is roaring. So why do we keep hearing about layoffs?
▼ + stars: | 2024-01-31 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Los Angeles Times, eBay, and UPS are three companies that have made recent layoff announcements. Despite cuts at big household names, the nation's layoffs and discharges rate has been steadily low. AdvertisementEmployees at the Los Angeles Times, eBay , Microsoft , and UPS are some of the workers impacted by recent layoff announcements in January. That sector had a layoffs and discharges rate of 0.8% in December, which is actually a small dip from the 0.9% in November. Zhao noted that "the scale here" means that this number probably isn't really going to change because of the recent layoff announcements.

Persons: —, Nick Bunker, Bunker, Julia Pollak, ZipRecruiter's, Daniel Zhao, Glassdoor, Zhao, that's, Kory Kantenga, isn't Organizations: Los Angeles Times, eBay, UPS, Service, Microsoft, Bureau of Labor Statistics, North America, Labor, LinkedIn

☆ ‘Positive’ labor market data can still feel awful for workers, job seekers. Here's why
▼ + stars: | 2024-01-30 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Layoffs and discharges changed little at 1.6 million, remaining at a rate of 1% for the fourth consecutive month. In November, the hires rate fell to 3.5%, the lowest rate since 2014 outside of the Covid-19 pandemic recession. For all of 2023, the hires rate averaged 3.8%, making it only the 11th best year out of 23, she said. There were more job openings a few years ago because of the high turnover. From October to November, job opening rates decreased in four states, increased in two and were little changed in 44 states and the District of Columbia.

Persons: Julia Pollak, Pollak, Elise Gould, Gould, Bustamante Organizations: Getty, U.S . Bureau of Labor Statistics, Labor, Economic Policy Institute, Employers, District of Columbia, Bureau of Labor Statistics Locations: Montana, Arizona, Oregon, California, Connecticut

☆ Workers are sour on the job market — but it may not be warranted
▼ + stars: | 2024-01-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Maskot | Digitalvision | Getty ImagesWorkers are sour on the job market — but that pessimism may be somewhat misplaced. So far in 2024, for example, big technology firms including Amazon, eBay, Google and Microsoft have announced job cuts. U.S.-based companies planned about 722,000 job cuts in 2023, almost double those announced in 2022, according to Challenger, Gray & Christmas, an outplacement and executive coaching firm. watch nowHowever, those recent headlines mask strength in the overall job market, economists said. "It's still a very robust and resilient labor market overall," Pollak said.

Persons: Daniel Zhao, Zhao, it's, Mark Zandi, Zandi, they've, Julia Pollak, " Pollak Organizations: Digitalvision, Getty Images Workers, Amazon, eBay, Google, Microsoft, Citigroup, Universal Music Group, U.S, Challenger, Moody's, Federal Reserve Locations: BlackRock, U.S

☆ Layoffs from major companies to start the year have impacted thousands of workers. What to know if you're offered a buyout
▼ + stars: | 2024-01-25 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Microsoft joined a list of big tech companies that announced major layoffs at the start of 2024. The technology company plans to cut about 9% its Gaming Unit headcount, amounting to 1,900 laid off workers, according to a memo obtained by CNBC. Earlier this week, EBay said it plans to let go 1,000 employees, or 9% of the company's staff. These announcements join a flurry of layoffs from tech behemoths like Amazon and Google . For example, explore options to work fewer hours or find ways to boost your buyout deal, they advise.

Persons: Suzy Welch, Julia Pollak Organizations: Microsoft, CNBC, EBay, Google, Finance, SAP Locations: German

Today, remote work has declined from its levels of the pandemic but is still – depending on how broadly one measures it – three to four times as prevalent as it was in 2019. And remote work tends to be dominated by higher-educated employees, with nearly 40% of those holding advanced degrees hybrid or fully remote. In early January, LinkedIn’s Global State of Remote and Hybrid Work study found that at its peak, in April of 2022, the share of job postings that offered remote work reached 20.3%. The more enduring feature of remote work is now hybrid.”There are also substantial differences within industry and among countries. “You’re moving to where the housing is cheaper.”Not that it is all rosy when it comes to remote work.

Persons: ”, Kory Kantenga, Sandra Moran, Julia Pollak, Nick Bunker, Layla O’Kane, Lightcast, Morris Davis, Andra Ghent, Jesse Gregory, ” Goldman Sachs, Boyer, Brad Case, “ That’s, Software’s Moran Organizations: LinkedIn, Workforce Software, LinkedIn’s Global, Labor Statistics, North, “, Oxford University Press, Economic Studies, Rutgers University, Andra, University of Utah, University of Wisconsin, Ivory, Google, NASA, Middleburg Communities, Green Mountain Locations: U.S, Israel, Ghent, Real Estate, Santa Ana , California, LLC.org . New York, Huntsville , Alabama, Huntsville, Glendale , Arizona, Phoenix, Arlington , Texas, Dallas, Middleburg, San Francisco, New York, Charlotte, Raleigh , North Carolina, Orlando, Jacksonville , Florida, Houston, San Antonio , Texas, Florida, Texas, Vermont, Green Mountain State, California

☆ The 10 fastest-growing jobs in the U.S. right now—many can be remote and pay over $100,000
▼ + stars: | 2024-01-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +7 min

Salary range: $41,500-$269,500Top locations hiring: Washington, D.C.-Baltimore area, New York City, Dallas2. Salary range: $34,000-$179,500Top locations hiring: San Francisco, New York City, Boston5. Salary range: $42,500-$138,500Top locations hiring: New York City, Chicago, Atlanta6. Salary range: $43,500-$277,500Top locations hiring: New York City, Chicago, Washington, D.C.-Baltimore area8. Salary range: $25,000-$93,500Top locations hiring: Dallas, New York City, Los Angeles, Washington, D.C.-Baltimore area10.

Persons: Andrew Seaman, they're, Seaman, — Organizations: LinkedIn, Washington, D.C, Dallas, Government, Health, Atlanta, New, Kansas, Diversity, Artificial Locations: U.S, Baltimore, New York City, Sacramento, Los Angeles , Washington, Houston, Boston, Francisco , New York City, Chicago, Atlanta, Kansas City, Austin, Washington, Francisco, Boston , New York, Dallas , New York City, Francisco , New York City , Washington, Yale

☆ The No. 1 in-demand remote job companies are hiring for—it can pay over $100,000 a year
▼ + stars: | 2024-01-14 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

The most sought-after remote job companies are hiring for isn't in tech, as you might expect. Accountant is the hottest work-from-home job on the market right now. Accountants claimed the top spot in FlexJobs' annual ranking of the top remote jobs in the U.S., thanks to increasing demand for these skilled professionals across several industries, including finance, health care and government. On ZipRecruiter, the share of open accountant roles that were remote jumped from about 8% in 2019 to nearly 20% in 2023, according to data shared with CNBC Make It. "There's a lot of oversight … you can't afford the legal liability of messing this up."

Persons: —, Julia Pollak, Pollak Organizations: Accountants, Baby Boomers, CNBC, of Labor Statistics Locations: FlexJobs, U.S

☆ Bill Ackman, taking a page from his Wall Street playbook, backs rebel candidates to join Harvard’s board
▼ + stars: | 2024-01-10 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

The move by Ackman takes a page out of the playbook that made him successful on Wall Street. Normally, candidates for the 30-member Harvard Board of Overseers are nominated by the university’s alumni association. However, Ackman is now backing four write-in candidates, all graduates of Harvard and Radcliffe College, Harvard Business School or Law School. “We truly feel called to do this now,” Leslie, who has spent 20 years in the US military, told CNN in a phone interview. Calls for change at HarvardNew members are elected to the Harvard Board of Overseers each spring.

Persons: Bill Ackman, Ackman, Claudine Gay, Logan Leslie, ” Leslie, Harvard, Leslie, he’s, “, He’s, Julia Pollak, CNN she’s, ”, Pollak, ZipRecruiter . Pollak, ” Ackman, Zoe Bedell, Alec Williams, Penny Pritzker, Jeffrey Sonnenfeld, Sam Lessin, Pritzker, Lessin, ” Lessin Organizations: New, New York CNN, Harvard University, Ackman, Harvard, Ivy League, Radcliffe College, Harvard Business School, Law School, CNN, US Navy, ZipRecruiter, Reuters, of, Navy Seal, Navy Reserves, Harvard Corporation, Gay, Yale Locations: New York, Ackman, Northern, South Africa, Eastern, of Virginia

☆ There haven't been this few job openings in 2 years. It's exactly what the Fed's been hoping for.
▼ + stars: | 2023-12-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

US job openings in October fell to their lowest level since 2021. In October, available job openings fell to 8.7 million from a downwardly revised 9.4 million in September. Driven largely by the retail sector, the number of job openings dipped from a downwardly revised 9.4 million job openings in September, to 8.7 million by the end of October, below the consensus forecast among economists surveyed by Bloomberg, and the lowest level since early 2021. AdvertisementThe latest job opening figures reinforce the case for a soft-landing scenario — job openings are moving higher yet the unemployment has remained relatively low. "By that ratio, a measure of labor market tightness often cited by Fed Chair Jerome Powell, the labor market has slackened substantially in recent months."

Persons: It's, —, Julia Pollak, Jerome Powell, Pollak, CME's Organizations: Service, Federal Reserve, Labor, Bureau of Labor Statistics, Bloomberg, Fed, ING, Barclays

☆ Job data suggests ‘soft landing’ is increasingly likely, economists say
▼ + stars: | 2023-12-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Luis Alvarez | Digitalvision | Getty ImagesThe U.S. economy inched closer to a so-called "soft landing" after a new batch of labor data, economists said. Why a soft landing is like 'Goldilocks' porridge'Steaming bowl of oatmeal porridge, made with Irish oats, wheat berries and barley. A soft landing is like "'Goldilocks' porridge' for central bankers," Brookings Institution economists wrote recently. How the labor market fits inWhy the job market is already 'back into balance'The latest labor data added to encouraging news about a likely soft landing, economists said. Despite the large monthly decline, job openings are still 25% above their February 2020 level, she added.

Persons: Luis Alvarez, Jason Furman, Obama, Jon Lovette, Julia Pollak, Pollak Organizations: Digitalvision, Federal Reserve, U.S . Department of Labor, Labor, Harvard University, White House Council, Economic Advisers, Getty, Fed, Brookings, American Economic Association

☆ Return to office is 'dead,' Stanford economist says. Here’s why
▼ + stars: | 2023-11-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

"Return to the office is dead," Nick Bloom, an economics professor at Stanford University and expert on the work-from-home revolution, wrote this week. The share of paid work-from-home days has been "totally flat" this year, hovering around 28%, said Bloom in an interview with CNBC. "We are three and a half years in, and we're totally stuck," Bloom said of remote work. Why remote work has had staying powerThe initial surge of remote work was spurred by Covid-19 lockdowns and stay-at-home orders. While remote work is the labor market's new normal, there's significant variety from company to company, Pollak said.

Persons: Nick Bloom, Bloom, hasn't, Julia Pollak, Pollak, it's Organizations: Stanford University, Survey, CNBC, Census, Research, Finance, Employers Locations: U.S

☆ These 5 in-demand AI jobs pay $100,000 or more—and can all be done from home
▼ + stars: | 2023-11-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

Overall, job postings on LinkedIn that mention either AI or generative AI more than doubled globally between July 2021 and July 2023. Other job search platforms have also observed a rise in open AI roles. These five jobs are among the most in-demand AI jobs that companies are hiring for on both platforms. As the report notes, demand for AI talent and skills in a variety of roles "will continue to increase as more companies embrace AI across their workflows." Check out:The most in-demand AI job of 2023 can pay over $200,000 and offers remote opportunities

Persons: Trey Causey, Warren Buffett Organizations: CNBC, Software Locations: ZipRecruiter

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Boeing, Tesla, Dell, Microsoft & more
▼ + stars: | 2023-11-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Raymond James reiterates Nvidia as strong buy Raymond James said it's bullish heading into Nvidia earnings on Tuesday. Bernstein reiterates Tesla as underperform Bernstein said it's standing by its underperform rating on Tesla as EV growth is slowing. JPMorgan upgrades Dutch Bros to overweight from neutral JPMorgan said the coffee chain has "strong available liquidity" to continue to grow. " JPMorgan downgrades Krispy Kreme to neutral from overweight JPMorgan downgraded the stock mainly on valuation. " Melius initiates Dell as buy Melius Research initiated Dell with a buy and said it's an "inexpensive" way to play AI.

Persons: Wolfe, ChargePoint, Jefferies, it's bullish, Raymond James, it's, Stifel, Wells, Bernstein, Tesla, underperform Bernstein, BTIG, Morgan Stanley downgrades Chegg, Morgan Stanley, LT, Hewlett Packard Evercore, Goldman Sachs, Krystal, Goldman, Penn, Energizer, Sherwin, Williams, Dell, Oppenheimer, OpenAI's Sam Altman, Sam Altman Organizations: Cedar Fair, SIX, Nvidia, Resources, MNR, ARM, Acorn, Apple, JPMorgan, Deutsche Bank, Boeing, Deutsche, Bros, Brands, Hewlett, Krystal Biotech, " Bank of America, of America, ESPN, PENN Entertainment, ESPN Bet, Citi, UBS, Kosmos Energy, Bank of America, CSN, HSBC, Caterpillar, BMO, Wedbush, Research, Microsoft Locations: NVDA, China, ENR, Brazil, Australia, Vale, 2024e

☆ The 3 most-Googled jobs in the U.S. don't require a degree—some can pay over $200K
▼ + stars: | 2023-11-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

On Google, searches for "no degree jobs" reached an all-time high this year in the U.S., according to Google Trends data shared with CNBC Make It. Most travel agents require at least a high school diploma and on-the-job training. Within Google searches for jobs without a degree, "high paying jobs without a degree" was a top search in 2023. The average salaries for these roles vary: According to ZipRecruiter, the average pay for travel agents in the U.S. is $39,955, while real estate agents are pulling in an average $86,356 per year and notaries earn $129,717. The top 10% of real estate agents and notaries, however, are earning well over $100,000 and $200,000, respectively.

Persons: Lisa Gevelber, ZipRecruiter, Warren Buffett Organizations: Google, CNBC, National Notary Association, Cruise Lines International Association, International Air Transport Association Locations: U.S

☆ Could resumes soon be a thing of the past? Experts give their verdict
▼ + stars: | 2023-11-10 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Resumes are often integral to job applications, but as skills-based hiring is on the rise, could they become obsolete? Srdjanpav | E+ | Getty ImagesMore often than not, the first step of a job application is submitting your resume. Resumes of the futureOne thing is clear to experts: Resumes of the future will look nothing like they do now. That includes both their content and look, Dave Rizzo, talent strategy and operations leader at Deloitte told CNBC Make It. Having a "perfect" resume also no longer means as much to employers as it has done in the past, Julia Pollock, chief economist at ZipRecruiter, told CNBC Make It.

Persons: Adam Hawkins, Hawkins, Dave Rizzo, Rizzo, Julia Pollock Organizations: CNBC, LinkedIn, EMEA, LATAM, Deloitte

☆ You're probably not getting a big raise this year. But don't worry, it's for the good of the economy.
▼ + stars: | 2023-11-09 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Wage growth has slowed; average hourly earnings increased 4.1% year over year in October. That measure of wage growth has steadily slid from the almost 6% year-over-year increases in March 2022 and April 2022. Even with slowing wage growth, workers may finally be seeing their earnings catch up to the big spike in inflation. Year-over-year changes from BLS show there has been real wage growth in recent months, based on average hourly earnings outpacing CPI inflation. "I think if we continue to see wage growth moderate, hopefully inflation moderates even more, and we continue to see more workers getting more inflation-adjusted raises."

Persons: —, Julia Pollak, Lydia Boussour, Jerome Powell, Pollak, Nick Bunker, Bunker Organizations: Service, of Labor Statistics, Fed, Economics, Wells, Wells Fargo Bank, BLS, North America Locations: Wells Fargo

☆ Workers are missing cog in US manufacturing gears
▼ + stars: | 2023-11-07 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +7 min

NEW YORK, Nov 7 (Reuters Breakingviews) - There’s a spanner in the freshly restarted U.S. manufacturing machine. Based in part on the planned construction spending, Goldman Sachs analysts estimate that Biden’s initiatives could lead to as many as 250,000 new manufacturing jobs over the next two years. Pay growth is also cooling faster for production and manufacturing jobs, at 4.2% year-over-year in August, down from an 11% annual peak in December 2021 and compared to the national average of 4.5%, according to jobs website Indeed. By 2030, technological and cognitive skills in the manufacturing sector will be in far higher demand as the share of physical and manual tasks drops by more than a quarter from 2016, McKinsey says. The U.S. manufacturing engine may be humming along now, but employment-related complications threaten to throw sand in the gears.

Persons: Joe Biden’s, Biden, Goldman Sachs, There’s, it’s, Sam, Francesco Guererra, Sharon Lam Organizations: Reuters, Deal, Taiwan Semiconductor Manufacturing, Samsung Electronics, Intel, Bosch, Linde, Public, Ford, SK Innovation, Reuters Graphics Reuters, Department, Bureau of Labor Statistics, McKinsey, University of Massachusetts, Economy Research, of Labor Statistics, Thomson Locations: Arizona, U.S, United States, China, Europe, Asia, it’s, Germany, Amherst

☆ Here’s how rising pay transparency is causing an employer compensation information ‘arms race’
▼ + stars: | 2023-11-06 | by ( Jared Mitovich | ) www.cnbc.com time to read: +1 min

Rising pay transparency is causing a new kind of competition among employers — and it's not necessarily for talent. Instead, the shift in employers opting to share salaries on job listings has sparked an "arms race" for better starting pay and other benefits, Julia Pollak, chief economist at ZipRecruiter, told CNBC. And more employers are also including a range of non-cash benefits, perks and flexibility options in their job postings, according to a recent ZipRecruiter survey on pay transparency. "We've seen a pretty dramatic uptick in the number of employers who are actually even including wages on our job postings," Stahle said. In addition, the tight labor market and pay transparency are acting as dual forces — with employers posting wages and benefits up front as a way to attract workers who have been difficult to draw in.

Persons: —, it's, Julia Pollak, Gen Z, Cory Stahle, Stahle Organizations: CNBC, Finance Locations: California, Colorado, Washington

Market-churning economic news is lacking this week, but that doesn’t mean Wall Street and the economy can rest easy. The political news heats up, with Donald Trump set to testify in his civil fraud trial in New York. And elections take place across the country on Tuesday that could show where the country stands politically one year out from the 2024 election. Meanwhile, a softer-than-expected jobs report on Friday had some analysts saying the economy was headed for a downturn. “The unemployment rate rose just a tenth to 3.9% in October versus September which the BLS called little changed,” he said.

Persons: Donald Trump, State Anthony Blinken, Bond, ”, Julia Pollak, ” Pollak, ” Chris Rupkey, Powell, ” Powell, “ Organizations: GOP, Hamas, State, West Bank, Federal Reserve, ZipRecruiter, Fed, Bureau of Labor Statistics, BLS, BCA Research Locations: New York, Miami, Israel, Iraq, Turkey, Washington

☆ This 66-year-old has worked at McDonald's for 50 years: ‘I never thought it would be my forever job’
▼ + stars: | 2023-11-05 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

In the 1970s, the coolest job you could have was flipping burgers at McDonald's. "Believe it or not, you needed to have an in to get a job at McDonald's back then, so my brother, who was working in the kitchen, recommended me for the job," Hendel, 66, tells CNBC Make It. "I never thought it would be my forever job," says Hendel. And he goes, 'Do you think you're good at it?' In 1990, Hendel became the owner/operator of his first McDonald's restaurant in Brooklyn.

Persons: Paul Hendel, Hank, Hendel, Merrick McDonald's, McDonald's, Peter Hunt, Paul, I'm, It's, I've, Lauren, Mark Organizations: CNBC, C.W, Post University, Long Island University, McDonald's Locations: Merrick , New York, Long, McDonald's, Long Island, Brooklyn, Queens, Manhattan, Glen Cove, Nassau County, Oceanside , New York, Hunt

Financial experts advised investing in real estate and startups, and starting a low-cost business. That's what led me to ask financial advisors and professionals how they'd take $10,000 and turn it into $100,000 in just 10 years, aside from investing in stocks. Invest in real estateOver the years, as I've been able to save more, I've started to consider the idea of investing in real estate. R.J. Weiss, a financial planner, says that if you are willing to take on debt, investing in real estate is one way to grow $10,000 to $100,000 in 10 years. For those of us living in expensive real estate markets, the best real estate investing apps provide another way in.

Persons: —, I'm, I've, Weiss, Read, Zach Reece, Reece, ZipRecruiter, Alvin Carlos, Carlos Organizations: Finance, Service, Invest, R.J, Companies Locations: Republic

☆ Unemployment among Hispanic workers rises at faster pace in October than overall rate
▼ + stars: | 2023-11-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Spencer Platt | Getty Images News | Getty ImagesThe labor market showed greater deterioration for Hispanic workers, whose unemployment rate rose more than that of the U.S.', according to data released Friday by the Department of Labor. The overall unemployment rate rose 0.1% to 3.9% last month, the highest level since January 2022, against expectations that it would hold steady at 3.8%. Among Hispanic Americans, the jobless rate rose 0.2% to 4.8%. Black and Hispanic Americans were hit particularly hard by the business shutdowns in the depths of the Covid pandemic, with unemployment rate for Black workers peaking at 16.8% in 2020 and Hispanic jobless rate surging as high as 18.8%. The overall unemployment rate hit a high of 14.7% in April 2020.

Persons: Spencer Platt, Julia Pollak, ZipRecruiter's Organizations: NEW, Getty, U.S, Department of Labor, CNBC Locations: Manhattan, New York City, America

☆ Cooling job market no reason for panic yet, economists say: 'It's a slowdown, not a collapse'
▼ + stars: | 2023-11-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Brown | Afp | Getty ImagesThe job market continues to show signs of cooling, but alarm bells aren't ringing just yet, economists said. The unemployment rate rose to 3.9% in October, from 3.8% in September, the BLS said. "There's almost no exception in this report: Every indicator suggests a slowing, slackening labor market," she said. "The days of explosive growth are gone, as the labor market shifts into healthier and more sustainable territory," said Noah Yosif, lead labor economist at UKG, a payroll and shift management company. The rise in the unemployment rate may also just be a sign that the extremely hot labor market is loosening a bit, Bunker added.

Persons: Frederic J, Brown, Julia Pollak, Pollak, Noah Yosif, Aaron Terrazas, Terrazas, Andrew Hunter, Nick Bunker Organizations: Afp, Getty, U.S . Bureau of Labor Statistics, BLS, Workers, Finance, Union, Capital Economics Locations: Los Angeles, U.S

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