The job market is healthy — hiring and pay are holding up.
Unemployment Rate
Unemployment: 4.30% — Unemployment is steady at 4.3%, near its recent lows.
Nonfarm Payrolls · monthly change
Payrolls: 172,000 — Employers added 172,000 jobs last month — a healthy clip.
Job Openings (JOLTS)
Openings: 7.60M — 7.6 million open jobs, rising as employers compete for workers.
Wage Growth · year-over-year
Wages: 3.45% — Pay is up 3.4% from a year ago, a modest pace.
Labor-Force Participation Rate
Participation: 61.80% — Now 61.80%, down 0.60 points over the past year.