The Discouraging Reacceleration in Core Inflation
Most observers expected prices to fall in August after staying flat in July. But they rose +0.1%, despite the 10.6% decline in gas prices, which was offset by increases in the prices of shelter, food,
First Real Earnings Increase Since September
Finally, after a series of depressing readings, we have got our first inflation report with signs of hope this morning. Prices increased 8.5% over the year, a sizable decline from last month’s 9.1%, and 0.0%
Wage Growth Hits a New Series High
Contrary to the wage numbers we got from the Jobs Report for the last two months, today’s Employment Cost Index Report shows no signs that nominal private-sector wage growth is slowing down. Accelerating wage growth
Candidate Ghosting and Job Seeker Confidence
Candidate ghosting—that is, the practice of candidates cutting off communications with a potential employer at any stage in the recruiting process—peaked in May, according to self-reported behavior in the ZipRecruiter monthly Job Seeker Confidence survey.
Inflation Hits 9.1%, Getting Worse Before Getting Better
With prices going up 1.3% in June—two consecutive months of at least 1%—and 9.1% over the year, today’s Consumer Price Index report suggests the worst is behind us. With inflation above expectations and the labor
Labor Market Extends Its Record-Setting Heat Streak
The labor market conditions Fed Chair Jerome Powell has described as “extremely, historically” tight and “unsustainably hot” persisted in May, according to the May JOLTS report released today by the U.S. Bureau of Labor Statistics.
Californians Are Rejoining the Workforce
As of the end of April, the U.S. labor market was still steaming hot. There were about 63% more job openings than before the pandemic, according to the JOLTS Report. And, with 4.4 million people
Three ways that inflation is changing job search
As skyrocketing prices erode consumers’ purchasing power, Americans are searching for new jobs with inflation in mind. Here are three ways that job seekers in the market right now are altering their job search plans
Inflation Soared in May, Breaking Another 40 Year Record
With prices going up 1% in a single month, today’s Consumer Price Index report suggests that high inflation will last longer than once expected. Inflation approaching double digits will likely put pressure on the Federal
Mental Health Care Employment Has Surged Since the Pandemic
The Covid-19 pandemic, along with responses to it, imposed extraordinary mental stress on individuals through bereavement, fear of infection, job loss, financial distress, childcare challenges, and the loss of social and physical connection. According to