U.S. Federal Reserve officials, who hoped to return the job market to its 2019, best-in-a-generation status after the pandemic, may be on the verge of success as the economy passes key milestones for labor participation and nears a return to pre-pandemic trend levels of employment.
The question now: Will the victory be short-lived as those same policymakers battle inflation by engineering an economic slowdown aimed at undercutting conditions that have been tilted heavily in favor of workers?
But the number of unemployed and the unemployment rate both increased, the jobless rate for Black workers rose nearly a full percentage point, and wage growth slowed, potential signs that the conditions which fueled "the Great Resignation" and a spike in wages for lower-paid jobs may be turning.
occurred in the three years from 2016 to 2019, when just over 5% of the workforce reallocated to a new occupation, than did so in the pandemic-influenced period from 2019 to 2022, when about 3.3% of the workforce crossed occupational lines.
The participation rate for 25-to-54 year olds, a measure of workforce engagement that sidesteps the issues of population aging, regained its pre-pandemic level of 83.1% in February and by May had risen to 83.4%.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Oil falls more than 1% ahead of US Federal Reserve rate decisionOil prices declined on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and rising Russian crude supply weighed on the market.
Leer más »
Ex-Fed’s Rosengren: Expect a hawkish skip this weekFormer President of Bosteon Federal Reserve Bank, Eric Rosengren, tweeted early Monday, sharing his view on the upcoming Fed interest rates decision.
Leer más »
U.S. stock futures flirt with fresh highs ahead of inflation data, Fed decisionStock futures looked to extend their recent rally Monday -- though the positivity was tinged with caution ahead of a week stuffed with potential tripwires.
Leer más »
Trump, Republicans try to score campaign donations off fed indictment newsDonald Trump isn’t wasting time using his recent indictment on federal felony charges to score campaign cash from donors.
Leer más »
Economist Peter Schiff Says the Fed Destroyed US Banking System — 'It's Insolvent' – Economics Bitcoin NewsPeterSchiff says the FederalReserve destroyed the U.S. bankingsystem, reiterating his warning of a much bigger collapse than 2008.
Leer más »
Oil prices likely to fall If Fed announces a surprise hike this weekThe lack of a major rally in the price of oil was an assault on Saudi Arabia’s push to...
Leer más »