Current:Home > ScamsThe job market continues to expand at a healthy clip as U.S. heads into Labor Day -NextGenWealth
The job market continues to expand at a healthy clip as U.S. heads into Labor Day
View
Date:2025-04-14 20:36:36
The 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.
veryGood! (8)
Related
- Small twin
- In tight elections, Prime Minister Xavier Bettel seeks a new term to head Luxembourg
- California Gov. Gavin Newsom vetoes bill to make free condoms available for high school students
- Two Husky puppies thrown over a Michigan animal shelter's fence get adopted
- Big Lots store closures could exceed 300 nationwide, discount chain reveals in filing
- Rebecca Loos Reacts to Nasty Comments Amid Resurfaced David Beckham Affair Allegations
- The auto workers’ strike enters its 4th week. The union president urges members to keep up the fight
- Sister Wives' Christine Brown Says She's So Blessed After Wedding to David Woolley
- Billy Bean was an LGBTQ advocate and one of baseball's great heroes
- Latin group RBD returns after 15-year hiatus with a message: Pop is not dead
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Eminem and Hailie Jade Are the Ultimate Father-Daughter Team at NFL Game
- An autopsy rules that an Atlanta church deacon’s death during his arrest was a homicide
- An independent inquiry opens into the alleged unlawful killings by UK special forces in Afghanistan
- What do we know about the mysterious drones reported flying over New Jersey?
- Leading Polish candidates to debate on state TV six days before national election
- What is Hamas? Militant group behind surprise Israel attack has ruled Gaza for years
- Simone Biles wins something more important than medals at world championships
Recommendation
A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
Parked semi-trucks pose a danger to drivers. Now, there's a push for change.
Man arrested over alleged plot to kidnap and murder popular British TV host Holly Willoughby
California governor vetoes magic mushroom and caste discrimination bills
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
AP Top 25 Takeaways: Turns out, Oklahoma’s back; Tide rising in West; coaching malpractice at Miami
What we know about the Hamas attack on Israel, and Israel's response in Gaza
The Marines are moving gradually and sometimes reluctantly to integrate women and men in boot camp