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%.