Economists polled by Reuters had forecast labor costs being revised up to a 1.6% growth pace. Unit labor costs rose at a 6.3% rate from a year ago, revised up from the previously reported 4.5% pace.
The U.S. economy added jobs at a solid clip in February, likely ensuring that the Federal Reserve will raise interest rates for longer, though wage inflation showed signs of cooling.
The US economy has been remarkably resilient, defying a year's-worth of recession calls. From the labor market to consumer spending to inflation, key readings on the economy have been running hot.
The hours data are erratic, and subject to large revisions, but the February data paint a very different picture on the state of labor demand than the jobs numbers. Annual Rate of Wage Growth Slows to ...
"The graying of the U.S. labor force will continue -- as will slow labor force growth," Altig said. The Fed economist said 80% of the growth in workers has come from people moving into the U.S ...
And with that, it is time for us to put the blog to bed ... on family homes as the Coalition continued its attacks on Labor’s planned changes to how superannuation is taxed.
(Reuters) - The U.S. Department of Labor on Tuesday withdrew a rule adopted in the last days of the administration of former Republican President Donald Trump that had expanded a religious exemption ...
WASHINGTON (AP) — President Joe Biden is nominating Julie Su, the current deputy and former California official, as his next labor secretary, replacing the departing incumbent, former Boston Mayor ...
Climate change also threatens to lift inflation and crimp growth through more frequent and damaging natural disasters. Extreme weather events cost the United States $ ... Climate change also affects ...
They have a charity, called RODS Heroes, and it’s not something they get around to on the odd weekend or during the holidays.
Economists polled by Reuters had forecast labor costs being revised up to a 1.6% growth pace. Unit labor costs rose at a 6.3% rate from a year ago, revised up from the previously reported 4.5% pace.
