Companies Are Using Fewer Temp Workers, but That Doesn’t Portend a Downturn

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https://www.wsj.com/economy/jobs/companies-are-using-fewer-temp-workers-but-that-doesnt-portend-a-downturn-c40d3f5cDeclines in temp employment used to signal economic weakness, but some currently regard it as a sign of a healthy labor marketWages are outpacing inflation, driven largely by pay gains for low-income workers. Those gains have helped close the gap between blue- and white-collar workers. WSJ explains what’s driving the higher wages, and whether they will stick around.

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Job openings fall to 28-month low and fewer workers quit as labor market cools offJob openings in the U.S. fell in July to a 28-month low of 8.8 million, as companies scale back hiring in response worries about an economic slowdown.
Source: MarketWatch - 🏆 3. / 97 Read more »