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The latest report on U.S. jobs showed that the economy added 353,000 jobs in January, surpassing economists' expectations. This strong job growth has defied predictions of a significant slowdown in the labor market. The unemployment rate remained steady at 3.7%, and wages increased by 4.5% from the previous year. The report suggests that the labor market is performing better than previously anticipated. The Federal Reserve may now delay cutting interest rates, as investors have gained confidence in the sustainability of a strong labor market. [Extracted from the article]

The U.S. job market experienced steady gains in December 2023, with employers adding 216,000 jobs and wages rising by 4.1% compared to the previous year. The unemployment rate remained at 3.7%, which is considered low. Despite a slowdown in hiring compared to previous years, the job market remained resilient and defied expectations of a significant slowdown. The report suggests that the labor market is cooling at a steady pace, which has fueled optimism for a soft landing without a recession. However, there are signs of cooling, such as a decrease in job openings and a lower rate of workers quitting their jobs. The report also highlights that certain industries, such as leisure and hospitality, government, and healthcare, saw the most job creation in 2023. Looking ahead, forecasters expect a cooling in wage growth and a potential slowdown in economic growth due to reduced consumer spending. Despite these challenges, economists have lowered the probability of a recession due to the resilience of the labor market and consumers. [Extracted from the article]

Spotify, the world's largest music streaming service, is planning to lay off 17% of its workforce, or about 1,500 employees, in an effort to accelerate its push for profitability. The company's CEO, Daniel Ek, cited the need to reduce costs and be "relentlessly resourceful" in operations. Despite the layoffs, Spotify's CFO, Paul Vogel, stated that the company's projections for profitability in 2024 remain strong. This is the third round of significant layoffs for Spotify this year, as the company aims to balance investments in emerging areas with the goal of consistent profitability. [Extracted from the article]

Liu, the 23-year-old woman who landed work in cellphone sales, said she initially viewed the job as providing stability, after having dealt with the uncertainty of the pandemic for three years. Research by the online recruitment firm Zhilian Zhaopin found that a quarter of Chinese graduates this year were seeking work in the technology space, more than double the level of the next biggest category, even though some of China's biggest tech companies have had layoffs. At the jobs fair in Hefei, recent graduate Han Jiahao said he dreamed of working as a photographer and that many other young people like him sought greater independence in their work lives. [Extracted from the article]

Women have gained more jobs than men for four straight months, including in January's hiring surge, pushing them to hold more than 49.8% of all nonfarm jobs. Keywords: wsjwashington; photo-commission; leder; inflation; Political/General News; Health; General Labor Issues; Medical Conditions; Outbreaks/Epidemics; Infectious Diseases EN wsjwashington photo-commission leder inflation Political/General News Health General Labor Issues Medical Conditions Outbreaks/Epidemics Infectious Diseases N.PAG N.PAG 1 03/13/23 20230309 NES 230309 After pandemic disruptions, women have now gained more jobs than men for four straight months American women are staging a return to the workforce that is helping propel the economy in the face of high inflation and rising interest rates. Women are rejoining the labor force and filling service-sector jobs, as they shake off the effects of pandemic disruptions and the sector goes on a hiring spree. B b Virtual schooling, daycare closures and fear of Covid-19 are subsiding. [Extracted from the article]

All told, employers added 4.5 million jobs in 2022, the second-best year of job creation after 2021, when the labor market rebounded from Covid-19 shutdowns and added 6.7 million jobs. Keywords: inflation; gfx-contrib; Market Research/Public Relations; Public Relations; Advertising/Marketing/Public Relations; Business/Consumer Services; Labor/Personnel; Corporate/Industrial News; Markets/Marketing; Industry Profiles EN inflation gfx-contrib Market Research/Public Relations Public Relations Advertising/Marketing/Public Relations Business/Consumer Services Labor/Personnel Corporate/Industrial News Markets/Marketing Industry Profiles N.PAG N.PAG 1 01/11/23 20230107 NES 230107 Unemployment rate edged down to match a half-century low of 3.5% Graph: Employers in many sectors were still struggling late in the year to fill open positions, pushing up wages. [Extracted from the article]

"It Sets Us Back". Virus still keeping millions out of work while reducing productivity and hours of millions more, disrupting business operations and raising costs Covid's Drag on the Workforce Proves Persistent. [Extracted from the article]

Slower job growth in recent months largely reflects companies' inability to find workers as labor supply remains tight, some economists said. A more pressing concern, he said, is that the company will lose workers with the potential implementation of the federal vaccine-or-test mandate for employers with at least 100 workers - an initiative that faces legal uncertainty. Slower job growth in recent months largely reflects companies' inability to find workers as labor supply remains tight, some economists said. Keywords: Economic Performance/Indicators; Employment/Unemployment Figures; Economic News; Political/General News; Respiratory Tract Diseases; Health; General Labor Issues; Medical Conditions; Outbreaks/Epidemics; Politics/International Relations EN Economic Performance/Indicators Employment/Unemployment Figures Economic News Political/General News Respiratory Tract Diseases Health General Labor Issues Medical Conditions Outbreaks/Epidemics Politics/International Relations N.PAG N.PAG 1 01/17/22 20220108 NES 220108 U.S added just 199,000 jobs in December, but total increase of 6.4 million in 2021 and tight labor market signal steady gains ahead Hiring slowed in December to 199,000 new jobs, the Labor Department said Friday, while the U.S. added a record number of positions in 2021. [Extracted from the article]

Leder, labor participation, labor force, workforce, jobs, pandemic, unemployment, Pharmaceuticals, Vaccines, Health Care/Life Sciences Keywords: leder; labor participation; labor force; workforce; jobs; pandemic; unemployment; Pharmaceuticals; Vaccines; Health Care/Life Sciences EN leder labor participation labor force workforce jobs pandemic unemployment Pharmaceuticals Vaccines Health Care/Life Sciences N.PAG N.PAG 1 04/14/21 20210412 NES 210412 Around four million American adults aren't looking for jobs, not because they're scarce but because of worries about catching or spreading the coronavirus. The anxiety Ms. McLaurin and Ms. Noe speak of makes standard recession-fighting policies work less effectively, according to some economists. [Extracted from the article]