Chart of the Week: Monthly Payroll Growth and Unemployment Rates

Based on April’s employment report from the Bureau of Labor Statistics, there was some positive news on the job market for April, with the unemployment rate steady at 4.3%, employment growth at a solid 115,000, and wage growth picking up to 3.6% at an annual rate.

Chart of the Week: Average Wage Growth for Job Stayers Vs. Switchers

Given the current economic uncertainty, a lot of attention is being paid to the health of the labor market. Overall, it is fair to say that the job market is still healthy but continues to weaken. Based on the Bureau of Labor Statistics’ Employment Situation report, job growth came in at 147,000 in June, matching the average pace for the past year. The unemployment rate remained steady at 4.1%, but the participation rate dropped again, as workers continued to leave the workforce.

BLS: 254,000 Jobs Added in September

The Bureau of Labor Statistics announced 254,000 jobs were added in September, with the unemployment level still relatively flat at 4.1%.

Job Market Grows by 216,000 in December

The job market held steady in December, with growth in payrolls of 216,000 and the unemployment rate unchanged at 3.7%, the U.S. Bureau of Labor Statistics reported Friday.