Báo cáo việc làm: Chậm hơn, nhưng sự tăng trưởng công việc làm vững chắc hơn nữa khi thị trường lao động thắt chặt


Theo tin The Conference Board hay prnewswire.com

Jobs Report: Slower, but Still Solid Job Growth Further Tightens Labor Market
Comment on U.S. Bureau of Labor Statistics Employment Situation Report By Gad Levanon, Head of The Conference Board Labor Market Institute




NEW YORK, Aug. 2, 2019 /PRNewswire/ — Total nonfarm payroll employment increased by 164,000 in July, and the numbers for May and June were revised down. Employment growth has clearly slowed down in 2019, averaging a 141,000 monthly gain in the past six months, versus over 200,000 during 2018.

But even this more modest job growth is enough to continue tightening the labor market. The unemployment rate remained at 3.7 percent in July, due to an improvement in labor force participation, but the broader labor slack measure, U6, dropped to 7.0 percent, the lowest since 2000.

As we expect economic growth to remain above the two percent rate for the rest of the year, we do not expect employment growth to significantly slow further. We should expect more of the same in the US labor market: moderate employment growth, labor market tightening, intensifying recruiting and retention difficulties, and higher labor cost growth which will continue to draw more people into the labor force. The combination of slower revenue growth and faster labor cost growth should continue squeezing corporate profits. In this environment, further Fed rate cuts are somewhat less obvious.

About The Conference Board
The Conference Board is the member-driven think tank that delivers trusted insights for what’s ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org.

SOURCE The Conference Board

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