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ADP’s January Jobs Report Points To Labor Market Downtrend in 2024

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companies added 107,000 jobs, which is a decrease from December’s 158,000 jobs. This growth was also lower than the 150,000 jobs predicted by Dow Jones. Information services is reported to be the only sector that experienced a decline in employment, with the sector losing 9,000 jobs. and globally.”

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Job Openings Drop to Three-Year Low, Indicating Cautious Hiring in 2024

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Data in the latest Job Openings and Labor Turnover Survey (JOLTS) published by the U.S. However, job vacancies are still above pre-pandemic levels. The data, released on May 1, revealed that available positions decreased to 8.49 Bureau of Labor Statistics suggests the U.S. labor market is showing signs of cooling.

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Hospitality Industry Becomes The Fastest Growing Employer

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What’s going on: At the start of the COVID pandemic, a wave of layoffs swept across the US hospitality sector. According to the Wall Street Journal , the leisure and hospitality industries are replenishing its workforce as the tech industry dwindles.

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Brighter Economic Outlook Masks Looming Job Market Challenges

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This slower-than-usual growth is predicted by experts to impact job growth and job security, as the labor market is expected to be squeezed. It’s reported that the expected job growth rate for 2024 is significantly lower than in previous years — with an average of 64,000 new jobs per month, compared to 225,000 in 2023.

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The U.S. Exceeds Job Growth Expectations One More, Adding 223,000 Jobs In December

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added 223,000 jobs in December, surpassing the Dow Jones forecasts of 200,000. . The leisure and hospitality industry led the pack in growth, adding 67,000 jobs, followed by healthcare adding 55,000 jobs. . Despite a slowdown in payrolls last month, unemployment once again fell in December. .

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U.S. Unemployment Claims Unexpectedly Dip For Second Week In A Row

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There are nearly two open roles for every out-of-work American, although certain sectors, such as food services and leisure/hospitality, are having difficulty in recruiting and maintaining staff. What’s going on: Unemployment benefit claims dropped in the U.S.

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U.S. Private Sector Adds Nearly Half a Million Jobs in June

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saw an increase of 497,000 jobs, according to an ADP National Employment Report. Why it matters: The surge in employment was particularly felt in industries that directly serve consumers, such as leisure and hospitality, which added 232,000 new hires. This indicates a positive outlook for job seekers. The post U.S.

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