Record reduction in retail employment

Record reduction in retail employment

Hours worked in retail fell by 4.2 per cent compared with the same quarter a year ago. Reductions in hours worked on both full-time and part-time contracts contributed. This is a steeper reduction than Q2, when hours fell 3.3 per cent. The total number of employees decreased by 3.0 per cent on the same quarter […]

Labor Market Continues to Tighten – Wage Growth Raises Inflation Expectations

Comment on U.S. Bureau of Labor Statistics Employment Situation Report By Gad Levanon, Chief Economist, North America, The Conference Board

Labor Market Continues to Tighten – Wage Growth Raises Inflation Expectations

Employment increased by 156,000 in December after increasing by an upwardly revised 204,000 jobs in November. Since the election, financial markets and surveys of business and consumer confidence have showed growing optimism about short-term growth prospects of the U.S. economy. But it’s too early to see this optimism in December’s job growth number, which reflects […]