Employers Try to Hold Line on Wages, With Mixed Success

Economy The Outlook Hourly-earnings growth in November shows workers still have leverage

US job openings fall to 10.3 million — but labor market still too strong for the Fed

The numbers: Job openings in the US fell to 10.3 million in October in another sign the labor market is cooling off as the economy softens. But it doesn’t appear to be cooling off as quickly as the Federal Reserve would like. Job listings declined from 10.7 million in September, the Labor Department said Wednesday. … Read more

4-day work week experiment deemed a success, with higher productivity and lower stress levels

Could a five-day work-week soon become a thing of the past? The results of a six-month experiment with the participation of dozens of companies are now in: A four-day work week may actually be better for business. Workers reported lower levels of stress and fatigue and company revenue was often higher compared to the previous … Read more

Bitcoin Falls as Jobs Report Is Harsh Reminder of Crypto’s Link to Stocks

Bitcoin and other cryptocurrencies were falling Friday, weakening after a stronger-than-expected US jobs report for November sent both stocks and digital assets lower. It’s a tough reminder of the correlation between equities and cryptos. The price of Bitcoin has shed 1% over the past 24 hours, dropping below the key $17,000 early Friday and moving … Read more

BofA is selling US equities rally on worries that unemployment will be ‘shocking’ in 2023

Strategists at BofA Global Research said it is time to sell the US stock market rally ahead of a potential surge in the unemployment rate next year. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street’s consumer sentiment as inflation in 2022,” strategists led by Michael Hartnett, chief global equity … Read more

Strong labor market isn’t cooperating with the Fed

Illustration: Eniola Odetunde/Axios There is no denying it: The labor market is fantastic for workers. That continues to benefit America’s workers, but it makes the Federal Reserve’s campaign to bring down inflation that much harder. Why it matters: The longer the labor market fails to cooperate with the Fed’s engineered slowdown, the higher it will … Read more

The November jobs report is the most important data for inflation this year – and not in a good way

The November US jobs report on Friday showed the US economy gained 261,000 jobs last month, with the unemployment rate holding steady at 3.7%. Economists polled by the Wall Street Journal had expected an addition of 200,000 jobs. Wages jumped 0.6% in November, double the expected pace. Below are some initial reactions from economists and … Read more

Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate Rise – The Wall Street Journal

Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate RiseThe Wall Street Journal How the Federal Reserve could react to the November jobs reportCBS News US markets in holding pattern ahead of November jobs reportThe Associated Press – en EspaƱol Morning Bid: Why payrolls might not matter to marketsReuters Dollar jumps as wage growth … Read more

November Employment Report Shows US Economy Added 263,000 Jobs

Economy US Economy The jobless rate remains at 3.7%, signaling continued strength in the labor market

Labor gets its workplace changes through parliament in the nick of time ABC News – ABC News (Australia)

Labor gets its workplace changes through parliament in the nick of time ABC NewsABC News (Australia) Everything you need to know about Jobseeker and how your payment could increase7NEWS Labor gets its workplace changes through in the nick of time after late-night Senate sittingABC News View full coverage on Google News