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The first burst on Tuesday — a critical read on activity within the jobs market — showed that the once too-tight labor market is starting to look more like its pre-pandemic days.
"The market has taken rate hikes down off the table for this year, but for how long if the labor market remains tight." Job openings, a measure of labor demand, were up 56,000 to 9.553 million on ...
Scripps News explores the factors behind the "hot labor summer" with strikes at Starbucks, major airlines, automakers, hotels, and more.
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.
CBO issued a report in February 2014 analyzing the causes for the slow labor market recovery following the 2007–2009 recession. CBO listed several major causes: "To a large degree, the slow recovery of the labor market reflects the slow growth in the demand for goods and services, and hence gross domestic product (GDP).
However, labor union participation rates have declined steadily in the United States. According to the Bureau of Labor Statistics annual Union Members Summary: "In 2012, the union membership rate—the percent of wage and salary workers who were members of a union—was 11.3 percent, down from 11.8 percent in 2011. The number of wage and salary ...
Labor market tightness is underpinning the economy, with data this week showing a solid increase in retail sales in July and a surge in single-family homebuilding, which prompted economists to ...
There is a substantial wage gap between union and nonunion workers in the U.S.; unionized workers average higher pay than comparable nonunion workers (when controlling for individual, job, and labor market characteristics); research shows that the union wage gaps are higher in the private sector than in the public sector, and higher for men ...