How COVID-19 is impacting summer hiring As the country dives into a summer overshadowed by COVID-19, the virus is affecting some industries more than others. Some firms that traditionally hire summer help are having a hard time making it work, while others have been inundated by job seekers. Some companies are facing challenges due to restrictions on what businesses can operate […]
May 2020 jobs report: an unexpected rebound Surprising many job market predictions (including Wall Street estimates that hovered around 8 million losses), the labor market unexpectedly gained 2.5 million jobs in May, while the unemployment rate decreased to 13.3%. Employers brought some workers back, causing payrolls to rise and unemployment to fall, according to the latest release of the U.S. Bureau of Labor […]
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 […]