Jobs Report For April 2024 Tonie Guillema

By switzerlandersing On Sep 10, 2025

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107433731-1719423263072-gettyimages-2159381477-jr029992_yzzcphay.jpeg?v=1719423328&w=1920&h=1080 The u.s. economy added fewer jobs than expected in april while the unemployment rate rose, lifting hopes that the federal reserve will be able to cut interest rates in the coming months. Nonfarm payroll employment increased by 175,000 in april, lower than the average monthly gain of 242,000 over the prior 12 months. in april, job gains occurred in health care, in social assistance, and in transportation and warehousing.

Jobs Report February 2024: U.S. Job Growth Totaled 275,000

Jobs Report February 2024: U.S. Job Growth Totaled 275,000 The u.s. labor market added 175,000 jobs in april, another solid month for job gains, with over 60% of private sector industries adding jobs. the unemployment rate ticked up slightly to 3.9%–it went from 3.83% to 3.86%–and the labor force participation rate held steady at 62.7%. The labor market remains the key pillar of resilience for the us economy, but the april jobs report confirms that a broad cooldown in labor market conditions is underway with job growth easing to a sub 200,000 pace, wage growth falling below the 4% mark, the unemployment rate ticking higher and hours worked declining. The labor market is not accelerating. the april jobs report represents a notable downshift from prior months, with merely good, not great, job gains. these data should definitively ease any lingering concerns of reacceleration in the face of stubborn inflation and strong overall economic growth. See this video featuring robert half operational president dawn fay for further analysis of the april 2024 jobs report, along with an update on how job seekers are using artificial intelligence in their job search process and a three step solution designed to help managers find skilled talent.

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107410142-1714749608279-Untitled-1.jpg?v=1714749750&w=1920&h=1080 The labor market is not accelerating. the april jobs report represents a notable downshift from prior months, with merely good, not great, job gains. these data should definitively ease any lingering concerns of reacceleration in the face of stubborn inflation and strong overall economic growth. See this video featuring robert half operational president dawn fay for further analysis of the april 2024 jobs report, along with an update on how job seekers are using artificial intelligence in their job search process and a three step solution designed to help managers find skilled talent. All the policymakers signal caution in projecting when, how much, and how many rate cuts will be made in 2024. the new normal in the post pandemic economy is accompanied by a modest decline in racial labor market disparities. America's job market increasingly appears to be splitting into two tracks, economists say, alongside a steady demand for skilled workers and a flagging interest in hiring more "knowledge based". After three months of hot job growth to start the year, the april 2024 jobs report showed cooling in jobs and wages. Hiring activity in april, while decidedly below expectations, was still healthy enough to propel a strong jobs market. unemployment remains below 4.0%. compensation growth, while dipping slightly, remains solid. the numbers are reminiscent of the pace of job creation that was more typical a few years ago.