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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »

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.
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »

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.
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »