Category Archives: Job Market

Employment Update

Market Minute

May 2022 – Scott Rosenquist, CFA®

The latest employment data release showed continued strength in the U.S. labor market. The number of jobs added in the month of April was 428,000, higher than expectations of 400,000. The unemployment rate held steady at 3.6%, just above the pre-pandemic level of 3.5%.  The gains were broad-based led by leisure and hospitality (+78k) where employment there remains down 1.4 million from pre-pandemic levels. What does this mean for monetary policy?

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The Real Job Picture

December 2021 – By Bob Veres

Anecdotally, we hear that anybody who wants to find a job today will find him/herself in a competitive bidding situation.  There are articles that advise job seekers on how to manage competing salary offers, while articles for employers offer advice on how to avert bidding wars for valuable members of their staff.  Other articles simply say to current workers that this is a good time to ask for a raise.

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