Will data on new hires wages help convince fed to cut interest rate? How do job openings affect wages? In the last week of october, several major companies announced massive layoffs, including amazon, target, paramount, meta, and united parcel services (ups). · even though data included in monthly job reports, namely the headline employment number, gets revised several times, it still is an essential window into the state of the labor market. Are young americans facing trouble getting hired? · as businesses cut new hires salaries , however, jobseekers wage expectations have hit record highs, according to a federal reserve bank of new york survey released monday. · pay for newly hired workers is dropping after adjusting for inflation. How do pay increases affect new hires? But amid an uncertain economy, employers have pulled back from new hires and cut jobs. · the pace of hiring remains strong for lower-earning americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned slightly, according to new. As the fed weighs rate cuts this week, its a sign of a weakening job market. · beginning 2020, employers boosted salaries to new heights to attract talent to a deluge of open roles. Job openings dropped to a 14-month low in november while hiring resumed its sluggish tone, pointing to ebbing demand for labor amid policy uncertainty related. · washington, jan 7 (reuters) - u. s.

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