Cooler air permeating the nights as summer comes to an end is a perfect metaphor for an American labor market easing from the historically tight conditions of the past few years. In August, the U.S. economy added 187,000 jobs and the unemployment rate settled in at 3.8%, according to Labor Department ... READ MORE >
wage inflation
U.S. job creation remains robust, implying more aggressive rate hikes
If one wanted to create a confluence of cross-currents that make the job of policymakers more difficult, one might choose the combination of a red-hot economy, robust job gains, elevated inflation and an estimated $620 billion in potentially unrealized losses inside the banking ... READ MORE >
Labor costs slow, setting the stage for smaller Fed rate hike
Labor costs decelerated in the last quarter of 2022, adding to the justification for the Federal Reserve to slow its rate increases to 25 basis points after its meeting on Wednesday. The index showed that labor cost growth fell to 1.0% on a quarterly basis, and to 5.1% on a year-ago basis for all ... READ MORE >
U.S. October jobs report: Strong growth as labor market remains tight
Even after a sharp increase in the Federal Reserve’s policy rate over the past 10 months, an inversion of the yield curve and a significant dislocation in equity and fixed-income markets, there is scant evidence of any slack in the American jobs market. The jobs report for October did not alter that ... READ MORE >
U.S. June CPI: Persistent top-line inflation hits 9.1%
The past few years have been characterized by a series of economic shocks that have wreaked havoc with just about every area of the American economy. The most recent set of energy shocks has sent the top-line consumer price index to 9.1%, a four decade high, on the back of an 11.2% increase in ... READ MORE >
Law firms implementing new battle plan in war for talent: Spring 2022 outlook
- Law firms are recognizing that salary increases are not sustainable because of lasting impacts on profit margins, and they’re updating their workforce strategies accordingly. - As lawyer billing rates increase, clients will value productivity and efficiency from their law firms more than ever. - ... READ MORE >