Cooler hiring and milder pay gains could aid inflation fight

Jan 6, 2023 · All told, the December jobs report suggested that the labor market may be cooling in a way that could aid the Fed’s fight against high inflation. Last month’s gain was the smallest in two years, and it extended a hiring slowdown that began last year. And average hourly pay …

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Cooler Hiring And Milder Pay Gains Could Aid Inflation Fight - WITN

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Jan 6, 2023 · Cooler hiring and milder pay gains could aid inflation fight The unemployment rate fell to 3.5%, matching a 53-year low, the Labor Department said Friday. (Pixabay)

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Cooler Hiring And Milder Pay Gains Could Aid Inflation Fight

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Jan 7, 2023 · Cooler hiring and milder pay gains could aid inflation fight With companies continuing to add jobs across the economy, the unemployment rate fell from 3.6% to 3.5%, …

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Cooler Hiring And Milder Pay Gains Could Aid Inflation Fight

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Jan 6, 2023 · All that hiring was part of a powerful rebound from the pandemic recession of 2020. In June, year-over-year inflation reached 9.1% , the highest level in 40 years, before slowing to …

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FAQs about Cooler hiring and milder pay gains could aid inflation fight Coupon?

Is the labor market cooling?

With companies continuing to add jobs across the economy, the unemployment rate fell from 3.6% to 3.5%, matching a 53-year low, the Labor Department said Friday. All told, the December jobs report suggested that the labor market may be cooling in a way that could aid the Fed’s fight against high inflation. ...

Does job growth perpetuate inflation?

Fed Chair Jerome Powell has emphasized in recent remarks that consistently strong job growth, which can force employers to raise pay to find and keep workers, can perpetuate inflation: Companies often raise prices to pass on their higher labor costs to their customers. ...

How good was the job growth in December?

The December job growth, though a decent gain, amounted to the lowest monthly increase in two years. America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring. ...

Does higher demand push up inflation?

Yet greater demand can also push up inflation. “The economy is going to grow at a much higher equilibrium level, which implies higher inflation and higher interest rates relative to what we got used to from 2000 to 2020,” he said. The U.S. continued to create jobs steadily throughout 2024, 2.2 million in all. ...

Will the Federal Reserve raise interest rates aggressively?

America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the Federal Reserve may still have to raise interest rates aggressively to slow growth and cool inflation. (AP Photo/Nam Y. Huh, File) A waitress works at a restaurant in Chicago, Thursday, Jan. 5, 2023. ...

Why is wage growth slowing?

Bill Adams, chief economist at Comerica Bank, noted that the December jobs report showed that roughly 80% of people who found jobs last month took part-time work, which typically pays less than full-time jobs. That is likely one reason why wage growth has been slowing. ...