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The Labor Department’s quarterly employment cost index basically tells us how much employers are paying their employees.
The PCE index could come in at the central bank’s much-vaunted target of 2% inflation.
The September CPI showed inflation slowing to 2.4% annually, but consumer sentiment hasn’t yet rebounded to pre-pandemic levels.
Work permits can increase wages, workforce participation and job potential for undocumented immigrants.
The Economist digs into data regarding those who lost their jobs in manufacturing.
The regional economy isn’t in bad shape, but many folks say it’s hard to get by.
Reporting quarterly results, the fast-food company said customers “continue to be more intentional with the dollars they spend.”
It may be another data point that helps convince the Fed to start cutting interest rates.
Average wage growth has slowed in recent months, though according to the May jobs report, it’s still ahead of inflation.
Voting in the U.K.’s general election takes place on Thursday, and the economy has been at the center of the campaign.