Employers added 303,000 jobs in March, soaring past expectations
The unemployment rate fell to 3.8 percent last month, the Bureau of Labor Statistics reported Friday, extending the longest stretch of unemployment below 4 percent in five decades.
Employment
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U.S. employers add a surprisingly strong 275,000 jobs
Friday’s report drastically revised down the government’s estimate of hiring in December and January from what had been blockbuster increases to still-solid gains.
Congress aims to wind down COVID-era program rife with fraud, expand child tax credit
Congress wants to end a tax break meant to encourage businesses to keep workers on the payroll during the COVID-19 pandemic. What was expected to cost the federal government $55 billion has instead cost it nearly five times that amount as of July.
Teen employment on the rise after decades of declines
At least 250,000 more teenagers are now working compared to before the pandemic, part of a gradual but consequential shift that is boosting employment at restaurants and stores, and changing cultural norms.
Once red hot, job market has cooled; unemployment still low
Employers are doing a lot less hiring than they were a year ago—a sign that the job market in Indianapolis, and nationwide, has cooled considerably.
U.S. employers add surprisingly strong 216,000 jobs in sign of continued economic strength
The strength of the December hiring, combined with strong wage gains and a declining labor force, could complicate the Federal Reserve’s efforts to guide the United States to a “soft landing.”
Jobs report for December likely to conclude solid year of hiring
The nation’s labor market, though cooling, is still cranking out enough jobs to keep the unemployment rate near historic lows.
U.S. job openings, quits and hiring ease as labor market cools
After reporting troubles in expanding headcount throughout the pandemic, many employers are now scaling back hiring plans without resorting to outright job cuts.
Indiana among states urging feds to reconsider nursing home staffing requirements
This fall, the Biden administration unveiled a controversial proposal that would create a staffing requirement, which has faced significant pushback from the nursing home industry.
U.S. labor market seen cooling in 2024, Fed surveys show
U.S. employers expect to hire less in 2024, according to several regional Federal Reserve bank surveys, a trend that’s set to limit wage gains and cool inflation pressures.
Is economy on track for soft landing? Jobs report might offer clues.
The November jobs report from the Labor Department is expected to show that employers added a still-solid 172,500 jobs last month, according to a survey of economists by FactSet.
U.S. job openings fall to lowest level since March 2021 as labor market cools
The unemployment rate has come in below 4% for 21 straight months, the longest such streak since the 1960s.
U.S. employers pulled back on hiring in October
In another sign of a possible softening in the labor market, the Labor Department revised down its estimate of job growth in August and September by a combined 101,000.
U.S. job openings rise slightly in monthly count
The September openings are down from a record 12 million in March 2022 but remain high by historical standards.
Ascend Indiana CEO Jason Kloth stepping down
Kloth, a former Indianapolis deputy mayor, helped launch the Indianapolis-based talent-development and job-placement initiative in 2016.
Sagamore Institute conference to focus on future of work
The initiative comes as other Indianapolis-based organizations have ramped up efforts to improve workforce development, which remains a top challenge for many Hoosier businesses.
U.S. employers added surprisingly strong 336,000 jobs in September
The economy has now added an average of 266,000 jobs a month for the past three months, a streak that could make it likelier that the Federal Reserve will raise its key rate again before year’s end as it continues its drive to tame inflation.
LabCorp to pay $525K to Indy employees after discrimination claims
The labor department looked into potential discrimination by the federal contractor at its Indianapolis facility as a part of a routine investigation, federal officials said.
Why the U.S. job market has defied rising interest rates, expectations of high unemployment
Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure—much higher interest rates, to cool spending and hiring—was expected to bring even more pain.
Applications for jobless benefits fall to lowest level in nearly 8 months
U.S. businesses have been adding an average of about 236,000 jobs per month this year, down from the pandemic surge of the previous two years, but still a strong number.