Labor market articles
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Texas Labor Market shows steady growth, record high levels for jobs and labor force
As reported by the Texas Workforce Commission, the Texas labor market maintained momentum in March to each a 36th consecutive month of positive annual growth and set new record-high levels for jobs, Texans employed, and the civilian labor force.
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April jobs report expected to show a 'cooling' labor market
The April jobs report is expected to show the U.S. labor market cooled last month but that hiring remained solid even in the face of high interest rates and chronic inflation. The Labor Department's April payroll report, due at 8:30 a.m. ET Friday, is projected to show that hiring increased by 243,000 last month and that the unemployment rate held steady at 3.9%, according to a median estimate by LSEG economists. That would mark a decrease from the 303,000 gain in March, but it remains above the...
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Fed Chair Powell: The demand in the labor market is strong, but is cooling
Federal Reserve Chair Jerome Powell takes questions from reporters after announcing the central bank will leave interest rates unchanged