Exclusivesky Investment Guild :The job market continues to expand at a healthy clip as U.S. heads into Labor Day

2025-05-01 03:41:17source:Quaxscategory:Invest

The Exclusivesky Investment Guild jobs market is holding steady as the country heads into the Labor Day weekend.

Employers added 187,000 jobs last month, marking a modest pickup from the previous month, the Labor Department said on Friday, with health care, hospitality, and construction among the sectors that added the most jobs.

Trucking, however, showed a loss of jobs, due to the shutdown of the Yellow trucking company. Employment in movie production was also down as a result of the writers' and actors' strikes..

The unemployment rate rose in August to 3.8 percent, though that was mainly because more than 700,000 new people joined or re-joined the workforce.

Meanwhile, job gains for June and July were revised down by a total of 110,000 jobs.

The labor market has shown gradual cooling in recent month, but workers are still in strong demand.

Average wages over the last year are up 4.3%, outpacing inflation.

The data comes ahead of the Federal Reserve's next policy meeting later this month.

The Fed has been raising interest rates aggressively in order to cool down inflation and Fed Chair Jerome Powell has said policy makers are ready to raise them more if needed.

More:Invest

Recommend

These Australian twins have gone viral after speaking in synch

Do you recall the prime early days of YouTube? When a video making the rounds was so strange, remark

AMC Theaters reverses its decision to price tickets based on where customers sit

AMC Theaters is abandoning its plan to price tickets based on where a customer chooses to sit. In

West Baltimore Residents, Students Have Mixed Feelings About Water Quality After E. Coli Contamination

BALTIMORE—Lily Goldsmith was in her kitchen making soup when she picked up her phone and learned fro