Recent data indicates a decrease in hiring activity across industries, suggesting a weaker U.S. job market. In July, the country witnessed the addition of a respectable 187,000 new jobs; however, nearly half of these were concentrated in just a few sectors. The diffusion index - a measure in the monthly jobs report that compares the percentage of industries hiring to those … [Read more...] about Signs of Weakening U.S. Job Market
Employment
US Nonfarm Payrolls Climb by Steady 428,000
Source: US Labor Bureau The United States nonfarm payroll growth and the unemployment rate were unchanged from the previous month in April, government data revealed. QQQ is down 0.74%, while SPY is down 0.68%. Total nonfarm payroll employment jumped by 428,000 in April, unchanged from the same increase recorded in March.Total private payrolls increased by 406,000, marking … [Read more...] about US Nonfarm Payrolls Climb by Steady 428,000
Private Sector Jobs Growth Decelerates to Eight-Month Low
Source: ADP Private employment growth slipped to an eight-month low in April, driven by the decline recorded in small businesses. QQQ is down 0.88%, while SPY is down 0.26%. Private sector employment grew by 247,000 in April, lower than the 479,000 in March and 619,000 in the same month last year.The latest reading is the lowest increase in eight months since employment … [Read more...] about Private Sector Jobs Growth Decelerates to Eight-Month Low
US Job Openings Mark All-Time High as Hires Fall and Separations Increase
Source: Bureau of Labor Statistics Job openings in the United States extended the climb to carve a fresh all-time high in March, as hires declined while separations climbed. QQQ is up 0.25%, while SPY is up 0.82%. Total job openings stood at 11.549 million in March, the highest on record. This compares with 11.344 million in February and 8.480 million in March 2021.Bulk … [Read more...] about US Job Openings Mark All-Time High as Hires Fall and Separations Increase
European Economic Sentiment, Employment Expectations Drop in March
Source: European Commission Economic sentiment and employment expectations in both the eurozone and the European Union declined in March, due mainly to lower confidence. EZU is up 1.20$, while VGK is up 0.60%. The Economic Sentiment Indicator fell by 5.3 points to 107.5 in the European Union, and by 5.4 points to 108.5 in the eurozone. The decline was attributed … [Read more...] about European Economic Sentiment, Employment Expectations Drop in March
