The proposed rule also puts more weight on how much control workers have and whether they face a profit or a loss — a standard that tends to favor employers.
Reports on private sector hiring offer a preview of what to expect in Friday’s federal jobs report, including a growing gap in wage growth between high earners and lower-income households.
In an uncertain economy, equipment purchases can be less risky than new hires. Capital expenditures can also help companies deal with a tightening labor supply.
Economists say numbers that will be released Friday by the Bureau of Labor Statistics on unemployment and wage growth will help them get a sense of consumer’s spending power going forward.
