The June 2024 Economics Insider finds that while jobs in government have recovered since the pandemic, challenges lie ahead for local, state, and federal employees. Article • 7-min read The US labor market continues to defy worries The US labor market is showing resilience even amid high inf...
which is expected to cement the case for interest-rate cuts in coming months. The consensus forecast places the number of new jobs added to the US economy at 200,000, much fewer than January’s blowout 353,000. Hourly wage growth is also expected to slow. However, a dispersion in expecta...
Goldilocks: Employment Cost Index Below Consensus Expectations in Q4; ADP Employment Below Expectations in January BOTTOM LINE: The employment cost index rose 0.9% in 2023Q4 (not annualized), below consensus expectations for a 1.0% increase. Our wage tracker now stands at 4.1% on a quarterly ann...
He points to rising container shipping rates and still-elevated wage growth as indications that inflation might not be vanquished. “The liquidity junkies on Wall Street have forgotten the role of the central bank,” Bernstein says. “Where, exactly, is the tightening of credit in ...
He points to rising container shipping rates and still-elevated wage growth as indications that inflation might not be vanquished. “The liquidity junkies on Wall Street have forgotten the role of the central bank,” Bernstein says. “Where, exactly, is the tightening of credit in the ...
Listen (3 min) The Fed is expected to cut its policy interest rate by up to 200 basis points in 2024, twice as much as the 100 basis points discount investors are currently pricing in, according to Capital Economics. Photo: Karen Bleier/Age...