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The latest data from the Bureau of Labor Statistics released Tuesday underscored some of these labor market trends, with the hiring rate holding steady at 3.4%, well below its 2022 peak of 4.6% ...
In a labor market driven by consumer-led sectors, a resurgence in inflation could be the largest looming risk to the health of the jobs picture. ... have held in a tight range over the past ...
To be sure, there have been recent signs of cooling in the labor market. The Job Openings and Labor Turnover Survey (JOLTS) showed the hiring rate held flat at 3.4% in December and is hovering ...
The labor market is steadily rebalancing in the wake of 525 basis points worth of rate hikes from the U.S. central bank since March 2022 to cool demand in the overall economy.
Historically speaking, there’s only so long a really good labor market can last until, for instance, a recession or tighter financial conditions disrupt it. The current streak of a sub-4 % ...
On Friday the Labor Department reported a 4% unemployment rate last month and the addition of 143,000 jobs, a picture "consistent with a healthy labor market that is neither weakening nor showing ...
The US labor market entered a new gear in the second half of 2024. Low-hire, low-fire. "We are in a 'low-hire, low-fire' environment," Bank of America's lead economist Aditya Bhave said in a note ...
Across the world, many countries are facing a rapidly aging population. This, combined with declining birth rates in these markets, will lead to long-term workforce worries, and in turn, serious ...