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Why Companies Are Holding Tight to Workers, Despite Economic Slowdown

  • 📰 WSJ
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  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

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The central paradox of this economy: a strong labor market in the face of an economic slowdown

E.G. Construction in Bozeman, Mont., has bumped up pay for supervisors amid the labor shortage.A persistent economic puzzle is why.

E.G. Construction in Bozeman, Mont., has bumped up pay for supervisors amid the labor shortage.A persistent economic puzzle is why
 

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'Strong' labor market in weak economy? - Less labor participation over past decades. (Per automation, aging, welfares, and pandemic,...) - US worker-laid-off averages 1.9m each month (after '08 GFC).

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