Labor Market Monitoring Tools Updated with June DataLabor Market Monitoring Tools Updated with June Data The Federal Reserve Bank of Atlanta’s Labor Market Monitoring Tools have been updated with data from June 2023. These tools provide timely insights into the health of the labor market, including: * Labor Market Dashboard: Shows a comprehensive view of key labor market indicators, such as employment, unemployment, wages, and labor force participation. * Job Openings and Labor Turnover Survey (JOLTS): Tracks job openings, hires, and separations, providing insights into labor demand and supply. * Wage Growth Tracker: Measures wage growth across various occupations and industries, indicating trends in compensation. * Labor Force Participation Rate: Shows the percentage of the working-age population that is employed or actively seeking work. * Unemployment Rate by Duration: Breaks down the unemployment rate by the length of time individuals have been unemployed. The latest data shows that: * The unemployment rate remained steady at 3.6%. * Job openings increased slightly, suggesting ongoing demand for labor. * Wage growth moderated compared to previous months. * Labor force participation ticked up slightly, indicating more people are entering the workforce. These data points paint a picture of a labor market that is still tight but may be starting to cool slightly. The Atlanta Fed’s Labor Market Monitoring Tools will continue to be updated monthly, providing valuable insights into the evolving labor market landscape. Federal Reserve Bank of Atlanta
Labor market monitoring tools updated with June dataFederal Reserve Bank of Atlanta
