Opinion | A Strong Job Market Doesn't Mean the Economy Is Recession-Proof
The labor market is more vulnerable than it looks, so the Federal Reserve should tread carefully.
Source: nytimes.com
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AI adoption, labor shortage accelerate need for upskilling
AI isn't sending workers to the unemployment line, but it is creating a need for rapid upskilling and reskilling.
Source: techtarget.com
Analysis: U.S. wage increases show signs of peaking in welcome development for Fed
From Bloomberg: After handing out hefty salary increases over the past year, companies are now becoming more cautious with their cash over concern further big payouts will eat into profits, according to staffing companies, business owners and recent surveys.
Source: crainscleveland.com
Declining Unemployment Rate Could Complicate Inflation Fight
Last month, the national jobless rate fell to the lowest it has been since the 1960s, but the intense labor demand could spark even faster wage growth. Currently, inflation is at its highest in four decades.
Source: governing.com
Analysis: Falling jobless rate is set to complicate Fed's inflation fight
From Bloomberg: Red-hot labor demand doesn't appear to be cooling any time soon. Job openings and quits are back to fresh highs, and employment costs are growing at a record pace. Such intense need for workers risks sparking even faster wage growth at a time when the Fed is already trying to tamp down the highest inflation in four decades.
Source: crainscleveland.com