Lowest-paid workers will likely feel the pinch of cooling economy first

Jun 23, 2022
Those same workers have seen their wages grow faster than the overall average in the last year thanks to the labor shortage.
Workers in low-paid environments, like restaurants and bars, saw some of the biggest wage gains during the pandemic.
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Millions have joined the labor force in the past year

Jun 3, 2022
About 3.5 million more people were working or looking for work in May than a year earlier. Economists hope the number keeps rising.
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Job openings are still near record highs — and still outnumber applicants

Jun 1, 2022
There are almost two job openings for every unemployed person.
There are almost two openings for every unemployed person. That's good for workers but may be stoking inflation.
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The birth rate in the U.S. increased last year for the first time since 2014

May 24, 2022
Overall, births are still trending downward.
Birth rates tend to fall during recessionary times.
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We're about 3.5 million potential jobs short of a full recovery

May 9, 2022
We’ve now regained more jobs than we lost early in the pandemic in some sectors.
Now Hiring signs are displayed in front of restaurants in Rehoboth Beach, Delaware, on March 19, 2022. (Photo by Stefani Reynolds / AFP) (Photo by STEFANI REYNOLDS/AFP via Getty Images)

Omicron’s peak coincided with key week for jobs data

Feb 2, 2022
The Bureau of Labor Statistics' "reference week," used to calculate employment, included Jan. 12 — when omicron was at its worst.
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Consumers confidence drags while economy takes a roller coaster ride

Jan 31, 2022
Higher wages and low unemployment are good news to people. Inflation isn't.
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For public good, not for profit.

Consumers feel the pinch as inflation, omicron drag on

Jan 28, 2022
Despite good economic data like GDP growth, many Americans are not optimistic.
Though the economic recovery is going strong, inflation is taking a toll on consumer sentiment.
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GDP growth in 2021 signals a strong economic recovery

Jan 27, 2022
GDP climbed by 5.7% last year — the highest annual growth rate in more than three decades.
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IMF downgrades global economic growth in its latest report

Jan 25, 2022
The IMF's Gita Gopinath talks about the challenges facing the global economy as the world enters its third year of the COVID-19 pandemic.
"The global economy did rebound quite strongly in 2021," says the IMF's Gita Gopinath. "The problem is that countries have recovered at very divergent paces." Above, Gopinath at a 2021 interview.
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