Wage growth keeps slowing for job switchers as US labor market cools off

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 29 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Labor Market أخبار

Nela Richardson,Switchers,Richardson

ADP data showed that the median year-over-year pay increase for job switchers fell to 7.8% in May, from a recent spike of 8.3% in March and 8% in April.

The pay gap between job switchers and job changers narrowed in May in the latest sign that the US labor market is cooling from a hot start to 2024.from ADP released Wednesday showed that the median year-over-year pay increase for job switchers fell to 7.8% in May, from a recent spike of 8.3% in March and 8% in April. The gap between pay gains for job changers and those of job switchers, which grew at a 5% pace in May, is at its lowest level since February and a far cry from 2022-2023 levels.

Richardson reasons these are signs of the labor market stabilizing. The question is whether this balance lasts, or if it is a sign of a more significant slowdown.Data from ADP released Wednesday also showed 152,000 private payrolls were added in May, lower than the 188,000 seen in April, and below economists estimates for 175,000 additions.

"It’s a terrible, terrible path that they’re leading us to," the former president said. "And it’s very possible that it’s going to have to happen to them.”George Conway knocks CNN for Trump trial coverage

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 47. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stocks gain as markets weigh soft ADP reportStock futures (YM=F, ES=F, NQ=F) are trending higher Wednesday as markets digest the latest jobs data. The May ADP employment data was weaker than expected, ...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »