Tag: economy

January 9, 2023

Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023

Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023

The unemployment rate edged down to match a half-century low of 3.5% Employers in many sectors were still struggling late in the year to fill open positions, pushing up wages. By David Harrison   The U.S. labor market is losing momentum as hiring and wage growth cooled in December, showing the effects of slower economic growth and theRead More

January 5, 2023

Companies Are Gritting Their Teeth and Hiring

Companies Are Gritting Their Teeth and Hiring

Labor market remains surprisingly robust despite concerns about the economy Even as manufacturers became gloomier, according to a report released Wednesday, they stepped up hiring By Justin Lahart – Wall Street Journal A lot of businesses are feeling morose about where the economy is heading. And yet they still are looking to hire more workers.Read More

January 3, 2023

Stay for Pay? Companies Offer Big Raises to Retain Workers

Stay for Pay? Companies Offer Big Raises to Retain Workers

Recent record-high wage gains for workers who remain in their jobs are a factor contributing to inflation Employers are giving existing employees more merit and other pay increases to defend against poaching by rivals and avoid the drain of training new workers.PHOTO: RACHEL WOOLF FOR THE WALL STREET JOURNAL By Gabriel T. Rubin Follow andRead More

December 5, 2022

Wage Growth Bounces Back

Wage Growth Bounces Back

Wall Street Journal Wages are probably the best indicator of underlying inflation and they’re going up. Average hourly earnings jumped 0.6% in November from October and 5.1% from a year earlier, up from 4.9%. While that’s in line with the range for 2022, there’s been a recent acceleration: Wages surged at 5.8% annual rate inRead More

November 8, 2022

The Great Resignation: Can Marketing Reverse the Trend at Your Company?

The Great Resignation: Can Marketing Reverse the Trend at Your Company?

Posted by Paul Sparrow   If you, like me, are of a certain age, it’s easy to reflect on how different it was to get a job back in the day. Many jobs required an application and a resume, not to mention a one-on-one interview with the hiring manager. Shake his hand firmly, swallow your pride,Read More

November 7, 2022

Home Buyers Are Moving Farther Away Than Ever Before

Home Buyers Are Moving Farther Away Than Ever Before

Rural areas and small towns rise in popularity as remote workers seek opportunity in more affordable communities By Nicole Friedman Nov. 3, 2022 9:00 am ET The rise of remote work and the ballooning cost of housing in major metro areas are leading Americans to move much farther away when buying a home. Buyers who purchased homes in the yearRead More

October 17, 2022

People just don’t want to work???

People just don’t want to work???

With jobs going unfilled and nearly two open positions for every job seeker, many people are complaining that since the pandemic, people just don't want to work. IndustryWeek Editor-in-Chief Robert Schoenberger recently discussed those trends with the Austin Regional Manufacturers Association, noting that few of the major employment trends are recent, so solving them will require aRead More

August 25, 2022

The Great Resignation Is Cooling Off

The Great Resignation Is Cooling Off

Over the past two years, Americans were leveraging their current jobs for more pay with competing firms, part of the Great Resignation across the nation. According to the Federal Reserve Bank of New York’s July 2022, Labor Market Survey released on Monday, more Americans are staying at their current firms as the rate of employeesRead More

June 3, 2022

US Private Hiring Slows in May Amid Worker Shortage

US Private Hiring Slows in May Amid Worker Shortage

June 2, 2022 Payroll services firm ADP's data could foreshadow weaker hiring last month in the U.S. economy. Agence France-Presse U.S. businesses slowed hiring in May, amid an ongoing struggle to find workers and high inflation, according to an industry survey Thursday. Payroll services firm ADP said private employment rose by 128,000 positions last month,Read More

May 31, 2022

Rising US Wages Support Spending in April as Inflation Slows: Govt

Rising US Wages Support Spending in April as Inflation Slows: Govt

May 27, 2022 According to the Commerce Department report, U.S. personal income rose 0.4% compared to March. Agence France-Presse American wages continued to rise in April, supporting an ongoing increase in consumption in the face of an inflation wave that nonetheless shows signs of waning, according to government data released Friday. U.S. personal income roseRead More