US on a 'two-track labor market' for skilled work: Economist

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US Bureau Of Labor Statistics News

Glassdoor Chief Economist Aaron Terrazas

The US Bureau of Labor Statistics' jobs report revealed that the US economy added 175,000 jobs in April, below expectations of 240,000, with annual wage...

added 175,000 jobs in April, below expectations of 240,000,to give insight into the April jobs report and how it paints a picture of the current job market landscape.

Terrazas elaborates on the type of companies that are hiring and where wages stand:"They're two very different groups of companies right now. Companies that hire kind of workers with graduate degrees, they have pulled back on hiring, pulled back on wages. Whereas, again, for front line service, until perhaps this month, hospitality, leisure, construction, all of those were still going very fast.", below pre-pandemic levels for workers with less than a college degree.

Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices "Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."It costs you less to trade US stocks at Interactive Brokers than at other brokers. Your capital is at risk.The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S.

 

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