Strong U.S. jobs, wages growth expected in December

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The U.S. economy likely maintained a solid pace of job and wage growth in December, but rising borrowing costs as the Federal Reserve fights inflation could slow labor market momentum significantly by mid-year.

have slashed jobs, yet airlines, hotels, restaurants and bars are desperate for workers as the leisure and hospitality industries continue to recover from the pandemic.

Loyola Marymount University in Los Angeles. "Leisure and hospitality employers are not able to get anybody even after wages have been going up. That pattern has and will continue for a while, so that's where the rubber hits the road." An ongoing strike by 36,000 teachers in California is seen depressing government payrolls. The government will revise the seasonally adjusted data for the household survey, from which the unemployment rate is derived, for the last five years.

"Whenever trends in household employment have diverged from payroll employment, corrections have tended to come through household employment correcting towards now-stronger payrolls," said Veronica Clark, an economist at Citigroup in New York. "We would not be surprised to see an even larger rebound in household employment in December or over the coming months."

 

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It's January...

Just like in the Obama years. News say economy is good, yet everyone is feeling pain

Except at Amazon

😂😂😂😂😂😂😂😂😂😂😂

Wages? Lol ok

I wonder if Amazon's personnel manager got this memo?

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