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15 stories from Planck Standard. Latest: September 4, 2026.
WatchThe Labor Department also erased July's reported job losses, revising the month from a 23,000 decline to a 21,000 gain. Wages are still running behind inflation.
WatchEconomists had penciled in 83,000 new jobs. Instead payrolls shrank for the first time in five months, wage growth fell to 0.1%, and the share of Americans in the workforce hit its lowest level since February 2021.
American employers announced 33,429 job cuts last month, down 46% from a year earlier, while artificial intelligence accounted for a third of them for the fifth straight month.
The sharp slowdown from May's gains rattled economists and revived worries about the labor market, with wage growth trailing inflation for a third straight month.
Hiring nearly doubled economists' expectations as restaurants, bars and hotels led the way — but wage growth trailed inflation, squeezing workers even as the labor market held firm.
Employers maintained steady hiring pace in May, but wage growth fails to keep up with rising prices as consumer pessimism persists.
Labor market maintains steady hiring pace as employers navigate rising costs and consumer spending constraints from persistent price increases.
Despite overall labor market improvements, entry-level hiring has stagnated, threatening to scar an entire generation of workers with permanent career setbacks.
The Labor Department's JOLTS report showed openings jumping 731,000 in a single month, blowing past forecasts and complicating the Federal Reserve's path on interest rates.
Health care and warehousing led hiring, but federal payrolls fell another 9,000 — bringing total federal job losses since October 2024 to 348,000.
Labor market shows continued resilience with solid job growth even as businesses grapple with global energy disruptions caused by Middle East conflict.
Growing numbers of older Americans are being 'fired from retirement' due to economic pressures, forcing them back into the workforce despite their age.
Economy added 178,000 positions in March, exceeding expectations as conflict drives oil prices higher and creates new economic uncertainties.
Employment growth exceeded expectations and demonstrated labor market resilience as the conflict with Iran began driving up oil prices.
Lower immigration has aligned job supply with shaky demand, but experts fear the slow-moving market could easily collapse.