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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 ...
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 ...
The high R-squared indicates a strong correlation between a tighter labor market and higher employment costs. [182] Analyzing the true state of the U.S. labor market is very complex and a challenge for leading economists, who may arrive at different conclusions. [183]
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.
"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 ...
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.
United Automobile, Aerospace and Agricultural Implement Workers of America International Union (UAW) United Food and Commercial Workers (UFCW) United Mine Workers of America (UMWA) United Steelworkers (USW) United Union of Roofers, Waterproofers and Allied Workers (Roofers and Waterproofers) Utility Workers Union of America (UWUA)
Randstad’s research shows that close to two in five of workers aged between 55-67 would quit a job if it prevented them from enjoying their life–and that younger generations are even more ...