In August, the U.S. economy added 187,000 jobs and the unemployment rate settled in at 3.8%, according to Labor Department data released on Friday. … READ MORE >
wage inflation
U.S. job creation remains robust, implying more aggressive rate hikes
February showed a 311,000 net change in total employment amid a 3.6% unemployment rate and 4.6% increase in average hourly earnings on a year-ago basis. … READ MORE >
Labor costs slow, setting the stage for smaller Fed rate hike
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 workers, according to the Bureau of Labor Statistics’ Employment Cost Index released on Tuesday. … READ MORE >
U.S. October jobs report: Strong growth as labor market remains tight
Total employment increased by 261,000 jobs in October, which brought the total gain in employment this year to 4 million positions. … READ MORE >
U.S. June CPI: Persistent top-line inflation hits 9.1%
The top-line inflation rate hit 9.1% in June on the back of a 11.2% increase in gasoline prices and a 7.5% jump in overall energy prices … READ MORE >
Law firms implementing new battle plan in war for talent: Spring 2022 outlook
Law firms that focus on improving productivity and justifying rate increases by bringing greater value to clients will reap the benefits of those strategic shifts long after labor challenges subside. … READ MORE >