Daniel Zhao’s Post

📊 November Jobs Report: A Positive Shift November saw payrolls increase by 227,000, with key gains in healthcare, leisure & hospitality, and government sectors. Despite a slight rise in the unemployment rate to 4.2%, the job market presents valuable opportunities for employers looking to expand their teams. Opportunities for Employers: • Rising Wages: With wages growing by 4%, consider adjusting compensation packages to stay competitive and attract skilled professionals. • Market Expansion: As payrolls rise, now is the time to grow your team and prepare for business expansion. • Fed Rate Cuts: Potential rate cuts could lower hiring costs, making it an ideal time to invest in talent acquisition. At Ingenuity Staffing, we’re here to help you navigate the evolving job market and build a strong, competitive workforce. Let’s connect today! 📞 Contact Katie Illam at [email protected] or 858-880-0942. #EmployerOpportunities #StaffingSolutions #Hiring #LaborMarket #WorkforceGrowt

Labor Department reports good news: Is this in line with what you're seeing in the job market? The latest employment report shows that U.S. employers hired more workers than expected in December and wages also increased at a solid pace. There are some potential red flags in this report (decrease in the labor force, fewer jobs added in previous months), but overall, the report says that the economy is likely to continue growing. I wouldn't say the labor market is "strong" while mass layoffs are happening at the same time job postings are left unfilled, but the report has interesting insights to consider heading into 2024. You can read the full article here: https://lnkd.in/e4zCeyYJ #LaborMarket #Workforce #EconomicGrowth #Hiring

📊 October 2024 Jobs Report: A Stable Yet Evolving U.S. Labor Market The latest Employment Situation Report for October reveals a steady U.S. job market, with nonfarm payroll growth nearly flat at +12,000 and the unemployment rate holding at 4.1%. Compared to last year’s 3.8%, the small rise in unemployment to 7 million people shows a resilient but slightly cooling market. 🔑 Key Highlights: 👉 Health Care and Government sectors continue to fuel job growth with gains of +52,000 and +40,000, respectively. 👉 Manufacturing saw a loss of 46,000 jobs, primarily due to strike impacts in transportation equipment. 👉 Temporary Help Services sector declined by 49,000, extending a trend of workforce contraction since 2022. 👉 Wage Growth remained healthy with hourly earnings up 0.4%, while weekly hours stayed steady at 34.3. Overall, the report reflects labor market resilience, yet underscores certain headwinds in specific industries. The strength of health care and government hiring offers a counterbalance to manufacturing and temporary staffing pressures, signaling a labor market that, while stable, faces nuanced shifts. Lloyd staffing can help you to handle this current situation. https://lnkd.in/gj3rdJ8D . . . #LaborMarket #JobReport #USJobs #Healthcare #GovernmentJobs #Manufacturing #TemporaryStaffing #EconomicOutlook #lloydstaffing

Job openings fell more than forecast in April, signaling a potential weakening in the labor market that could provide the Federal Reserve with more impetus to start lowering interest rates, as reported by CNBC. The Labor Department’s Job Openings and Labor Turnover Survey released Tuesday showed that the level of employment vacancies slipped to 8.06 million for the month, down by nearly 300,000 from March and close to 19% lower than a year ago. Moreover, the total marked the lowest since February 2021. The ratio of job openings to available workers edged down from 1.2 to 1, after being around 2 to 1 when openings peaked above 12 million in March 2022. The ratio has returned to about where it was before the Covid pandemic. While job openings slid, hires moved slightly higher as did separations and quits, a sign of worker confidence in the ability to move to other positions. #employment. #hires #employeeturnover

Despite Signs of Moderation, Job Market Remains Resilient 💼💪 The recent labor market report showed strong growth, with significant job creation and reduced unemployment. Alongside, there were slight increases in pay and weekly hours worked. While these are positive indicators for the economy, many still hope for further improvements. Recent data from the Bureau of Labor Statistics suggests little change in the number of people employed part-time, contradicting this speculation. Read more about the insights from April's labor report in our latest article. #JobMarket #EmploymentTrends #Spherion

Job openings resilient in June Job openings posted 8.18 million in June, more than expected and a sign of the labor market's resilience in the face of high interest rates. Available openings in May were also revised higher, to 8.23 million, the Labor Department said Tuesday. The rate at which Americans voluntarily left their jobs last month, however, remained at 2.1%, close to the lowest since 2020. The level signals muted confidence in employment prospects and reflects the fact that the unemployment rate has risen in each of the past three months. The U.S. on Friday will report on new payrolls and the unemployment rate for July. Consumer confidence also showed resilience in July, with the Conference Board’s gauge rising to 100.3 from a downwardly revised 97.8 in June. #nowhiring #unemployment #quietquitting

WSJ: Hiring picked up as employers added 216,000 jobs last month, the Labor Department said Friday. The unemployment rate held at 3.7%. Economists surveyed by The Wall Street Journal estimated that employers added 170,000 jobs in December, a pullback from November’s gain, which was aided by the return of auto workers who had been on strike. The annual job gain is set to slow for the second straight year in 2023, though it remained above prepandemic levels. The unemployment rate ticked up to 3.8% in December from 3.7% in November, the economists estimated. The jobless rate began 2023 at 3.4%, matching lows not seen since the late 1960s, but inched higher late in the year. 

“Hiring picked up as employers added 216,000 jobs last month, the Labor Department said Friday. The unemployment rate held at 3.7% Economists surveyed by The Wall Street Journal estimated that employers added 170,000 jobs in December, a pullback from November’s gain, which was aided by the return of auto workers who had been on strike. The annual job gain is set to slow for the second straight year in 2023, though it remained above prepandemic levels. The unemployment rate ticked up to 3.8% in December from 3.7% in November, the economists estimated. The jobless rate began 2023 at 3.4%, matching lows not seen since the late 1960s, but inched higher late in the year. “

Punxsutawney Phil didn’t see a shadow in February, predicting an early spring. For U.S. payrolls it feels like summer never ended ☀. Job gains remained robust, even as downward revisions to December and January deflated some of the initially-reported umph. Cue the standard strong job gains in healthcare and government… but also a surprising pickup in employment at restaurants and bars 🍻. So much for the much ballyhooed fears about a hit to jobs from January minimum wage hikes 🤷♂️. The unemployment rate did move noticeably higher — to its highest rate going back over 2 years (to January 2022). Markets will likely be comfortably dismissing that number as a transitory shock after January layoffs. Previous cohorts of laid off workers have largely found new jobs within 2-3 months — though (as we noted earlier this week), that timeline is becoming increasingly extended for the most highly educated workers 👩🎓. My full take here: https://lnkd.in/d57mn5T8 #economy #bls #jobsreport

January 2024 Jobs Report reveals a surge in hiring and rising wages. Dive into the details to see how this boom is shaping our economy and what it means for the future of Fed policy. Read more at J.P. Morgan Insights. #JobsReport #EconomicOutlook #HiringSurge #WagesRise