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Workers are staging more labor actions, thanks in part to the strong job market

Feb 23, 2023
The number of labor actions has increased, as has the number of workers involved.
Nurses from Mount Sinai Hospital in New York strike outside the hospital. Labor action jumped by more than half in 2022 compared to 2021, according to recent data.
Michael M. Santiago/Getty Images

A U.S. manufacturing boost is causing anxiety abroad

Feb 20, 2023
The Biden administration's reshoring efforts, aimed largely at cutting dependence on China, dismays allies who seek U.S. investment.
European Commission President Ursula von der Leyen. The EU and other American allies have expressed unease over the scope of U.S. government funding of domestic industries such as semiconductors and low-carbon energy equipment.
Kenzo Tribouillard/AFP via Getty Images

Ukrainian refugees struggle to adapt to a new economic reality

Feb 14, 2023
Russia’s invasion has displaced millions of people. Some are rebuilding their lives and businesses in other countries.
Ukrainian refugees stand in line to attend a job fair in Brooklyn on Feb. 1.
Angela Weiss/AFP via Getty Images

Jobless claims remain historically low amid Fed's efforts to slow wage growth

Feb 9, 2023
What does this mean for their anti-inflation strategy?
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on Feb. 1, 2023 in Washington, DC.
Kevin Dietsch / Getty Images

In a "restructuring" economy, which industries gained and lost jobs in 2022

Feb 8, 2023
Here are the industries that saw the biggest job gains and the ones still falling behind.
“It’s a large-scale restructuring, but the labor market goes through large-scale restructurings all the time," said Michael Montgomery of S&P Global Market Intelligence.
Joe Raedle/Getty Images

As the job market cools, "job churn" is leveling off from historic pandemic highs

Feb 1, 2023
The more people switch jobs, the better the odds anybody can find a better one.
The number of job openings increased in December. But the rates at which people quit their jobs – and at which companies hire – have been stagnating over the last few months.
Spencer Platt/Getty Images

Wage growth is slowing down. But is there an upside for workers?

Jan 31, 2023
Wages increased 1% in Q4. Inflation is also slowing. All that could impact whether — and by how much — the Fed hikes interest rates.
Wage growth slowed to 1% in Q4, but inflation has been slowing too.
Robyn Beck/AFP via Getty Images

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Manufacturing sector shows more signs of cooling

Jan 24, 2023
Monthly data from the Federal Reserve shows a slowdown in shipments, new orders and employment in the sector.
The manufacturing sector added only 8,000 jobs per month in November and December — well below the average of 32,000.
Megan Jelinger/Getty images

Layoffs are up, first-time jobless claims are down. What gives?

Jan 23, 2023
The job market is still tight, so many who've lost jobs rejoin the workforce fast. Others aren't eager to deal with the unemployment insurance system.
Layoffs have so far been concentrated in the tech sector, but the overall unemployment trend has remained near decade-lows.
Eblis/Getty Images

Why your paycheck isn't keeping up with inflation

Jan 16, 2023
The average paycheck lagged behind inflation in 2022, and the higher prices are hitting low-wage workers the hardest.
Recent data show that wages aren't growing at a fast enough rate to keep up with inflation, which impacts low-income workers the hardest.
Ed Jones/AFP via Getty Images