We’ve got two fresh trends in the jobs market for you today. And one builds on the argument for the four day work week… 1/ More workers are going part-time. 1.2M more Americans have been working part-time in the last two months, and 857K are doing it voluntarily. 16.3% of 160M working Americans are employed…
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Job switchers took home a fatter paycheck
Except today, loyalty is measured in dollars. And employees will gladly trade in their Beskar for a couple extra Imperial credits. In November 2022, US median hourly wages increased (compared to the previous year): 5.5% for those staying at their jobs. 8.1% for those changing jobs. But when you factor in November’s 7.1% inflation, it…
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U.S. job openings unexpectedly drop, sending markets higher. Here’s why.
Yesterday’s August JOLTS (Job Openings and Labor Turnover Survey) showed a massive decline in job openings. This sent markets ripping higher. Had to give that a second look? Yes, you read it correctly. Let us explain… First, here are the highlights from the jobs report: Available job positions fell to 10M — down 10% from…
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