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The labor market is still pretty tight, even after the last year and a half of rate hikes loosened things a bit.
What that might mean for them and for the economy at large.
The growth was largely driven by working mothers. Flexible and remote jobs help, but the expiration of child care relief funds may hurt.
With the acceleration of baby boomer retirements, multiple sectors face long-term challenges finding enough workers to meet demand.
Federal data also shows fewer people quit last month, bringing rates back in line with pre-pandemic levels.
Reports from companies and job search sites indicate that employers are lowering the pay they offer for newly posted jobs.
The University of Michigan’s consumer sentiment index is up 40% over last year, aided by moderating inflation and job market strength.
Some employers use inflated job titles to keep staff on board. But without equivalent compensation, the plan can backfire.
Foreign-born workers are continuing to play a crucial role in a tight job market.
A remote corner of the U.S. might offer insight into how companies can work with the labor market they’ve got.
