Wage growth continues in tight labor market - Phoenix Business Journal

Even with economists and CFOs worried about a potential recession, wages are still going up — especially for those who switch jobs.

The ADP data is bolstered by the most recent data from the Bureau of Labor Statistics, which found average hourly pay grew 5.1% compared to the same time a year ago, more than the 4.9% average hourly wage growth reported in October. how to approach pay in a high-turnover, high-inflation environment Richardson stressed the drop-off in productivity — with worker productivity falling over the previous year for three consecutive quarters — will keep inflation higher. If worker wage growth came with productivity increases, it would serve as deflationary.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why the labor shortage is likely to continue in 2023 - Phoenix Business JournalThere are just a small number of cracks in an otherwise strong market for employees. Experts say it will affect employers' hiring in 2023.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Bubba's 33 is bringing two new restaurants to the Phoenix metro - Phoenix Business JournalThe company, which was founded by the owners of Texas Roadhouse, is moving forward with plans to build its second and third Phoenix metro locations, one on each side of the Valley.
Source: phxbizjournal - 🏆 254. / 63 Read more »

NCAA and Phoenix organizing committee start prepping for 2024 Final Four - Phoenix Business JournalOfficials from the NCAA, along with Arizona Gov. Doug Ducey and Phoenix Mayor Kate Gallego, unveiled the logo of the 2024 Phoenix Final Four, which will be played in Glendale at State Farm Stadium on April 6 and April 8, 2024.
Source: phxbizjournal - 🏆 254. / 63 Read more »