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Average hourly earnings rose 4.1% year-over-year in October; the rate peaked near 6% in March 2022. The slowdown in wage growth is helping the Fed wrestle inflation lower.
The “I’d prefer a full-time gig, but I can’t find one” measure can give us a sense of how much slack or unmet potential there is in the labor market.
It’s the end of an era — the pandemic era — for the Bureau of Labor Statistics.
More people in the United States are working two full-time jobs than ever before, says Lauren Kaori Gurley of The Washington Post.
Productivity drops can confirm other trends like rising wages and shortages of materials.
This has many economists predicting the economic pain of the pandemic will last long after the economy “recovers.”
Low inflation is a sign that the recovery may be losing steam.
The unemployment rate is down, and more people are returning to the labor force. But finding a job isn’t easy.
More Americans are returning to the labor market. But more are also joing the ranks of the long-term unemployed.
The adjustments smooth out predictable changes in employment, but the pandemic economy has broken them.