Data Shows , US Wages Falling , at a 'Striking' Pace.
Fox News reports that wage growth
in the United States has slowed
significantly over the past year. .
According to new data from Indeed,
wage growth is beginning
to near pre-pandemic levels. .
Indeed's wage tracker showed that salaries have had
a marked drop since January 2022, suggesting that
employers are seeing less competition for new hires.
The pace of deceleration
is striking. Posted wage growth
has fallen by almost 3 percentage
points over the past year, Nick Bunker, Indeed labor economist, via Fox News.
Fox News reports that the most pronounced
deceleration was found in low-wage sectors. .
Given the huge run-up in posted
wages for those sectors, wage growth
is still above its pre-pandemic pace.
How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.
After remaining historically tight throughout the last
year, the labor market is expected to continue slowing
in the coming months amid elevated interest rates.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
Despite this, job growth has
remained resilient, with employers
adding 275,000 jobs in February. .
At the same time, Labor Department
data shows that the unemployment
rate for the month also rose to 3.9%.
Credit: Wibbitz Top Stories Duration: 01:31Published
Yemen's Houthis attacked the Andromeda Star oil tanker in the Red sea en route from Russia to India. The vessel, involved in Russian trade, reported damages. The.. IndiaTimes
Rishi Sunak has arrived in Berlin where he is set to meet German Chancellor Olaf Scholz for talks on Wednesday. The topics of the meeting at the Chancellery will include mutual relations, the Russian war against Ukraine and the situation in the Middle East. It comes as Rishi Sunak met in Warsaw, Poland, on Tuesday with Prime Minister Donald Tusk and Nato Secretary General Jens Stoltenberg to discuss security.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Welcome to another episode of the International News Wrap, your ultimate destination for the latest global updates, brought to you exclusively by OneIndia. Amidst escalating violence in the Middle East and heightened tensions as Ukraine braces for a potential summer offensive by Russia, the world stage is rife with significant events. Today, we explore a diverse array of stories, from Sheikh Hamda’s directive to expedite salary payments for government employees in flood-stricken Dubai to the resignation of Israel's Military Chief. Stay tuned as we delve into the day's top international developments, ensuring you remain informed and up-to-date on global affairs.
#DubaiFlood #IsraelIranConflict #IsraelHamasWar #GazaConflict #DubaiRains #DubaiWeather #CrownPrinceSupport #UAE #GovernmentEmployees #EmergencyResponse #SevereWeather #GazaConflict #HumanitarianCrisis #MiddleEast #GlobalSecurity.
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Discover the significance of Iranian President Ebrahim Raisi's three-day visit to Pakistan amidst escalating tensions in the Middle East. Explore why this diplomatic engagement holds importance for regional stability and cooperation. Stay informed with our in-depth analysis.
#IranianPresident #IranPakistan #EbrahimRaisi #IranPakistanRelations #IsraelIranTensions #IsraelIranConflict #ShehbazSharif #AsifAliZardari #Oneindia
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Iranian President Ebrahim Raisi is set to visit Pakistan on April 22, amid heightened tensions in the Middle East. His visit follows Iran's recent missile and drone strikes on Israel, prompting concerns about regional stability. Despite past strains, both nations aim to bolster cooperation, focusing on security, the Pakistan-Iran gas pipeline project, and a potential free trade agreement. Iran's gesture to release stranded Pakistanis underscores the significance of their relationship.
#EbrahimRaisi #IranPresident #Irannews #Iranupdate #Pakistanupdate #Pakistannews #ShehbazSharif #Oneindia #Oneindianews
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The Duchess of Edinburgh has become the first member of the Royal Family to visit Ukraine since Russia's full-scale invasion began in February 2022. Sky News
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