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Job market

Wage growth may be slowing after period of strong gains

by Mitchell Hartman
Aug 28, 2023
Reports from companies and job search sites indicate that employers are lowering the pay they offer for newly posted jobs.
Small businesses aren’t adding jobs as quickly as they did last year, which is translating into weaker wage growth, noted economist Luke Pardue at Gusto.
Joe Raedle/Getty Images
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Inflation moderates in manufacturing and job market

by Mitchell Hartman
Aug 2, 2023
As supply chains normalize and labor demand slackens, prices and wages are cooling off.
The easing of inflation is especially visible in vehicle production, said Garrett Nelson at CFRA.
Suzanne Cordeiro/AFP via Getty Images
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Student debt help could be a new worker perk with loan payments resuming soon

by Stephanie Hughes
Jun 16, 2023
It’s still a relatively rare benefit: About 8% of employers in the country offer help with student loan debt.
Employers who offer some sort of benefit that helps workers with student debt see it as part of competing for talent in a tight job market.
Paras Griffin/Getty Images
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Remote cities can teach the nation a lot about hiring and keeping workers

by David Brancaccio , Chris Farrell and Erika Soderstrom
Jun 14, 2023
Rural towns have long dealt with labor scarcity, and many have strategies for attracting and investing in talent.
Major companies in northwest Minnesota are able to staff their operations despite the sparse population in the towns and the sometimes inhospitable weather.
Kerem Yucel/AFP via Getty Images
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Is the U.S. economy really a tale of two job markets?

by Sabri Ben-Achour and Alex Schroeder
Jun 9, 2023
The "dual labor market" theory paints a picture of two very different job markets in terms of stability, pay, and mobility.
The unemployment rate is at a half-century low, yet many workers are unable to escape poorly paid, precarious jobs. One reason could be that the U.S. job market has evolved into two distinct labor markets—a dual labor market--and workers in each section experience very different economies.
Joe Raedle/Getty Images
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The tight U.S. labor market hasn't benefitted workers equally, Fed study finds

by David Brancaccio , Alex Schroeder and Ariana Rosas
Jun 2, 2023
A new Fed study goes beyond the "strong labor market" headlines and finds workers struggling with landing jobs, burnout and more.
Even with all of the talk about ample job openings, some workers aren't taking them. Why? This Federal Reserve survey asked workers just that question.
Courtesy of the Federal Reserve Bank of Philadelphia
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Jobless claims are up, but unemployment is still low. What does that mean?

by Samantha Fields
May 11, 2023
The four-week moving average of unemployment benefits claims is at the highest level since late 2021. Is this more evidence of a slowly cooling economy?
The four-week moving average of unemployment insurance claims is the highest it’s been since late 2021.
Scott Olson/Getty Images
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Prices are still rising, and consumers seem tired

by Sabri Ben-Achour
May 10, 2023
Prices rose 4.9% year over year in April and 0.4% during that month. Consumer fatigue is showing in higher credit card balances and lower savings.
Consumers are going to low-price stores more and buying less per visit. They're opting more frequently for generics over name brands, per Jefferies analyst Corey Tarlowe.
Justin Sullivan/Getty Images
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Wage gains after changing jobs were lower in April

by Samantha Fields
May 3, 2023
The moderation in pay growth is part of more balanced and stable economic conditions, some economists say.
"The fact that pay gains are decelerating means that demand and supply are coming into better balance," said ADP's Nela Richardson.
Anna Moneymaker/Getty Images
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March jobs report shows more signs of cooling labor market

by Savannah Maher
May 2, 2023
The number of openings decreased for the third straight month in March, but it’s still historically high.
While there were still nearly 9.6 million job openings in March, that's the third straight month of decreases.
Justin Sullivan/Getty Images
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