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A less robust job market has made corporate leaders’ preference easier to implement.
Critics say ESG investments allocate money based on political agendas rather than on earning the best returns for savers.
What does this mean for their anti-inflation strategy?
It’s called the diffusion index.
Manufacturers are producing more goods with fewer workers, given the tight labor market. But the sector has been hiring more in recent months.
Despite the inflation surge, persistent supply bottlenecks, the damaging effects of COVID-19 and now a war in Europe, employers have added at least 400,000 jobs for 11 straight months.
The Labor Department’s report Friday also showed that the unemployment rate dropped from 4% to 3.8%.
There’s a disconnect between rising GDP and consumer spending — and the number of people out of work.
The figures suggest employers have rehired roughly all the workers they can afford to after laying off more than 22 million.
Usually there are lots of benefits and protections that come with being an employee instead of a gig worker, like being paid the minimum wage.