![]() The number of applicants for this coming season is far greater than last year, she said. “People aren’t getting hired, and they want to work.” Lakeside is gearing up for the summer season and its soft opening next week. “The person who should be answering the phone, we haven’t been able find,” said Fishman, whose grandfather purchased Lakeside back in the 1930s.įishman, who works in operations, has been poring through “hundreds and hundreds and hundreds” of job applications in recent weeks. ![]() On Thursday afternoon, she jumped in as switchboard operator when the phone rang. Andy Cross/The Denver Post/Getty Imagesīrenda Fishman wears many hats at Lakeside Amusement Park, a 115-year-old family-owned landmark nestled in a tiny Colorado town near the northwest edge of Denver. Thrill-seekers head down the first decent on the iconic Cyclone wooden rollercoaster at Lakeside Amusement Park on July 14, 2017, in Denver, Colorado. That’s the case for one of the longest-operating businesses in Colorado. For businesses, it looks like they’re finding that perhaps it’s a little bit easier to find workers now.” “Businesses are still trying to hire, demand for labor is still strong, but it’s not quite as strong as it was even in late 2022. “So we are seeing a slowing in the labor market, and that’s good news from an inflation perspective,” Faucher said. During the second half of last year, job growth averaged 353,000 per month. In March, the monthly and annual measures of wage gains in the private sector was up 0.3% and 4.3%, respectively.ĭespite the upside surprise, the labor market does appear to be still slowing to a more sustainable pace of growth, Gus Faucher, senior vice president and chief economist of the PNC Financial Services Group, told CNN.įebruary’s total was revised down as well - to 248,000 from 326,000 - resulting in average job growth of 222,000 for the past three months, BLS data shows. In April, average hourly earnings trending up, rising 0.5% from the previous month and increasing to a 4.4% gain over the past year. “While the has laid the groundwork for a pause at the June meeting, additional strong economic data would keep them firmly on the side of a tightening bias.” “Payrolls came in better than expected, the unemployment rate fell, and wage growth reaccelerated all of these data points show that the labor market remains on somewhat solid footing,” Sameer Samana, senior global market strategist at Wells Fargo Investment Institute, said in a statement. Some of the largest increases were in the sectors of private education and health services, professional and business services, and leisure and hospitality. The net job gains seen in April represent a big jump from March’s tally, which was revised down to 165,000 from 236,000 jobs, BLS data shows. Only three economists of the 87 polled by Refinitiv had projected job growth at or above 253,000. The labor force participation rate held steady at 62.6%.Įconomists were expecting job growth to decline for the third consecutive month, 180,000 jobs to be added, and for the unemployment rate to increase to 3.6%, according to Refinitiv. The unemployment rate fell to 3.4% - matching a 53-year low hit in January - from 3.5% the month before. It’s a surprising increase at a time when many indicators were pointing to a slowdown in the job market. ![]() ![]() The economy added 253,000 jobs in April, according to data released Friday by the Bureau of Labor Statistics. The US labor market that was poised for a spring cool just got a touch of heat.
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