The jobs market is still on fire by this measure --- so don't expect Fed to back off

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The jobs market is still on fire by this measure — so don’t expect Fed to back off

A scorching U.S. jobs market caught a slight chill in August, but the Federal Reserve aims to keep raising interest rates aggressively until demand for labor cools off a lot more.

There were some signs of cooling last month. The number of new jobs created in August slipped to 315,000 from a five-month high of 526,000 in July. And wages rose at the slowest pace in four months. The number of open jobs in August won’t be available until the government’s next report in another month, but it’s unlikely to show much change. In July, there were 11.2 million open jobs. vs 5.7 million unemployed.

Hourly pay has risen at a 5.2% rate in the past 12 months, more than double the average annual increase in the decade before the pandemic. The central bank rate hikes are aimed at slowing the economy and reducing business demand for labor to help alleviate inflation.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Labor market added 315,000 jobs in August, a bright spot in the economy20 months of straight job growth…let me tell you why this is terrible for the democrats and Biden US Great country ❤️ Outstanding + Outstanding!
출처: washingtonpost - 🏆 95. / 72 더 많은 것을 읽으십시오 »