We use a sample of administrative payroll data covering a large and nationally representative share of U.S. workers to study how wages adjusted during the recent inflation period. Most firms apply a single modal annual nominal wage increase to the majorit
Scan the topline numbers of this month’s jobs report, and you’ll wind up with two wildly different impressions.
Ahead of the release, analysts forecast that the U.S. economy added a below-average 80,000 jobs last month.
U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June. But the unemployment rate dipped to 4.1% as Americans left the job market. The June jobs numbers from the Labor Depart
Even as job seekers fret about artificial intelligence and tech behemoths announce massive layoffs, Matt Walsh is finding it surprisingly hard to help