April 2020 jobs report: post-COVID-19 unemployment soars There has been no shortage of terrible records broken by the coronavirus pandemic, and the latest release of the U.S. Bureau of Labor Statistics’ (BLS) monthly jobs report was no different. According to the BLS report, a record high of 20.5 million jobs were eliminated in April, while the unemployment rate increased to 14.7%— the […]
The March 2020 jobs report: What employers need to know After a strong start to the year, there was a significant downturn in the economy in last month as the coronavirus pandemic gained traction across the United States, according to the March 2020 jobs report. The U.S. Bureau of Labor Statistics’ monthly jobs report only reports data through the middle of the month, but says 701,000 […]
The February jobs report: what you need to know Following a robust January, the economy maintained its momentum in February. According to the latest release of the U.S. Bureau of Labor Statistics’ monthly jobs report, 273,000 jobs were added last month. Meanwhile, the unemployment rate reverted to 3.5%, and average hourly earnings increased by 9 cents, totaling $28.52. Here are the headlines from February’s […]
The January BLS jobs report: What you need to know The economy kicked off the new year—and a new decade—with robust economic growth. According to the latest release of the U.S. Bureau of Labor Statistics’ monthly jobs report, the labor market expanded by 225,000 jobs in January. Meanwhile, the unemployment rate increased slightly to 3.6% and average hourly earnings increased by 7 cents, totaling $28.44. Here […]
What employers need to know about the December jobs report The economy capped the year—and the decade—with steady, slowing job growth, with the latest release of the U.S. Bureau of Labor Statistics’ monthly jobs report. According to the December jobs report, the labor market added 145,000 jobs in December. Meanwhile, the unemployment rate held at 3.5% and average hourly earnings increased by 3 cents, totaling […]
Monster 2019 year-end hiring report The end of the year often serves as a time for reflection. Did your workforce grow this past year? Were you able to secure candidates who were the right fit for your company? Did you encounter any challenges in recruiting top talent? According to the U.S. Bureau of Labor Statistics (BLS) most recent jobs report, […]
What you need to know about the November jobs report The labor market bounced back in November, following a strike at General Motors that put a gray cloud over the U.S. Bureau of Labor Statistics’ monthly jobs report in October. According to the latest report, the economy grew by 266,000 jobs in November. Meanwhile, the unemployment rate dipped to 3.5% and average hourly earnings increased […]
What employers need to know about the October jobs report The anticipated release of the U.S. Bureau of Labor Statistics monthly jobs report was much to the surprise and delight of economists and employers alike on the morning of November 1, 2019. According to the report, October experienced solid job gains of 128,000, making this the 109th straight month of economic growth, more than double […]
What employers need to know about the September jobs report The monthly jobs reports released by the U.S. Bureau of Labor Statistics provides a great snapshot of the state of the economy. Between global turbulence and trade war uncertainty, economists and employers alike tuned in for the latest hiring and unemployment figures on Friday. According to the report, the economy added a steady 136,000 jobs […]
What employers need to know about the July jobs report The economy added 164,000 jobs in July, while the unemployment rate held at 3.7%. Here’s what you need to know. Lily Martis, Monster contributor Employers and economists alike looked to the July jobs report to set the tone for the second half of this year—and neither were disappointed. According to the U.S. Bureau of Labor […]