Dan's Biz Bookshelf: 'Move Your Bus'
Driving Innovation: Direct Imaging vs. Conventional Exposure
It’s Only Common Sense: Selling to Today's Generation of Buyers
Labor Market Continues to Boil With No Sign of an Employment Slowdown
May 6, 2019 | The Conference BoardEstimated reading time: 1 minute
Total nonfarm payroll employment increased by 263,000 in April, making it difficult to argue for an employment slowdown in recent months.
In the past month, most economic releases came out better than expected, suggesting that the US economy will continue to grow above its long-term two percent trend through at least the end of the year with low near-term recession risks. Today’s employment growth strengthens this point of view. The strong recovery in temporary-help employment, one of the best leading indicators of the labor market, further reduces the risk of an employment slowdown.
In such an economic environment, and considering the stagnation in working-age population growth, it is not surprising that the labor market continues to tighten. The unemployment rate reached 3.6% in April, the lowest rate since December 1969. Labor markets will continue tightening in coming months and wages are likely to accelerate further.
The recovery in the US economy and the ongoing labor market squeeze are likely to further shift the Federal Reserve away from considering a rate cut in 2019.
Comment on U.S. Bureau of Labor Statistics Employment Situation Report
Gad Levanon, Chief Economist, North America, The Conference Board
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.
Share on:
Suggested Items
SMT007 Magazine July—What’s Your Competitive Sweet Spot?
07/01/2025 | I-Connect007 Editorial TeamAre you in a niche that’s growing or shrinking? Is it time to reassess and refocus? We spotlight companies thriving by redefining or reinforcing their niche—what are their insights? In the July 2025 issue of SMT007 Magazine, we spotlight companies thriving by redefining or reinforcing their niche and offer insights to help you evaluate your own.
Global Dry Film Photoresist Market Set for Robust Growth with Expanding Semiconductor Ecosystem
06/24/2025 | PRNewswireIn 2024, the global market size of Dry Film Photoresist was estimated to be worth US$939 million and is forecast to reach approximately US$1191 million by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.
The Big Picture: Our Big ‘Why’ in the Age of AI
06/25/2025 | Mehul Davé -- Column: The Big PictureWith advanced technology, Tesla, Google, Microsoft, and OpenAI can quickly transform life as we know it. Several notable artificial intelligence (AI) studies, including the 2024 McKinsey Global Survey on AI, have offered insights into AI’s adoption, impact, and trajectory. The McKinsey study revealed that AI adoption continues to grow, with 50% of respondents reporting using AI in at least one business area.
Roll-to-Roll Technologies for Flexible Devices Set to Grow at 11.5% CAGR
06/11/2025 | GlobeNewswireAccording to the latest study from BCC Research, the “Global Markets for Roll-to-Roll Technologies for Flexible Devices” is expected to reach $69.8 billion by the end of 2029 at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2029.
PC AIB Shipments Follow Seasonality, Show Nominal Increase for Q4’24
06/06/2025 | JPRAccording to a new research report from the analyst firm Jon Peddie Research, the growth of the global PC-based graphics add-in board market reached 9.2 million units in Q1'25 and desktop PC CPUs shipments decreased to 17.8 million units.