As we embark on the last half of 2023, the labor market in Q1 and Q2 exhibited surprising resilience — despite rate hikes and other measures by the U.S. Federal Reserve to help fight inflation. In fact, the Wall Street Journal says, "lay-offs are still at a historically low level," and there continue to be more job...
dani villalobos2023 Q3 Accounting and Finance Employment Report
The Big Picture
Employers increased their payrolls by 236,000 jobs in March—including gains in leisure and hospitality, professional and business services, government and health care industries. And the national unemployment rate dipped slightly from February’s 3.6% back down to...
dani villalobos2023 Q2 Accounting and Finance Employment Report
The Big Picture
In 2022, the U.S. added 4.5 million jobs — the second-most on record, according to the New York Times. And while job production maintained its slowing trend, employers increased their payrolls by 223,000 jobs in December, which included gains in construction, retail trade, manufacturing, financial...
dani villalobos2023 Q1 Accounting and Finance Employment Report
The Big Picture
The U.S. added 263,000 jobs in September, according to the U.S. Bureau of Labor Statistics — highlighting notable gains in professional and business services, as well as leisure and hospitality and health care sectors. The national unemployment rate also dipped slightly from August's 3.6% to 3.5%.
In...
dani villalobos2022 Q4 Accounting and Finance Employment Report
There's been some mixed expectations for what to anticipate in Q3 and the rest of this year. High inflation readings coupled with the U.S.' strong labor performance still have employers and candidates moving forward in their hiring and job search efforts, if not a little more cautiously.
In June, the U.S. Bureau of...
dani villalobos2022 Q3 Accounting and Finance Employment Report
The U.S. economy closed Q1 on a high note — adding a total of 431,000 jobs in March, according to the U.S. Bureau of Labor Statistics. The national unemployment rate also hit a post-pandemic low, coming in at a cool 3.6%.
The high amount of job openings, wage increases and significant decline in jobless claims all...
dani villalobos2022 Q2 Accounting and Finance Employment Report
The Big Picture
The U.S. economy may have lost some steam in September, but continues to steadily chug along with a total of 194,000 added jobs. This marks the ninth consecutive month of job growth as the country recovers from the COVID-19 pandemic.
Unemployment also fell to 4.8%, according to the U.S. Bureau of Labor...
dani villalobos2021 Q4 Accounting and Finance Employment Report
The Big Picture
And the good news keeps on coming. U.S. employers added 850,000 jobs in June — a feat the White House Council of Economic Advisers touted as the fastest monthly job growth since August 2020. Of those, 33,000 were temporary jobs, rising from the previous two months with a 1.83% penetration rate. Leading...
dani villalobos2021 Q3 Accounting and Finance Employment Report
The Big Picture
Both the S&P 500 and the Dow closed in early April at all-time highs. It was the market's first reaction to the latest jobs report, which showed employers adding 916,000 jobs in March — the largest increase since August. The accelerating pace of hiring is leading forecasters to predict a strong...
dani villalobos2021 Q2 Accounting and Finance Employment Report
The theme for the start of 2021: cautious optimism.
As we turn the page on an unprecedented year, experts are looking to key indicators — including gross domestic product and the national unemployment rate — to make predictions of how quickly the labor market will continue to rebound from the impacts of the...
dani villalobos2021 Q1 Accounting and Finance Employment Report
