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U.S. employment increased at a solid pace in July while wages rose at a faster-than-expected clip, consistent with sustained labor demand that’s at the root of renewed momentum in the economy.
Nonfarm payrolls increased 187,000 last month following a similar advance in June, a Bureau of Labor Statistics report showed Friday. The unemployment rate unexpectedly dropped to 3.5%, one of the lowest readings in decades.
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Despite job openings and increasing unemployment, employers are having a hard time filling roles formerly occupied by non-American workers.
Organizations are using artificial intelligence more than ever, but so far, have not cut jobs as a result.
Employers are growing cautious about expanding their staff, while at the same time mostly holding onto their existing workers.
Thousands of government workers that lost their jobs during the Trump administration's cost-cutting crusade are struggling to find work.
Looser child labor laws threaten to transform the job market — and put HR leaders in a troubling position.
