Wage Growth Slows as Unemployment Falls Back to Half-Century Low

The pandemic’s increase in the length of the average workweek has been completely reversed.

The December employment report showed a very strong labor market but much less evidence of inflationary pressures than in prior months. The unemployment rate fell back to 3.5 percent, its half-century low. The U-6 measure of labor market slack fell to 6.5 percent, its lowest level on record. At the same time, wage growth moderated. There was a sharp downward revision to the November data. With 0.3...

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This post was originally published on Latest – Truthout.


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Dean Baker | radiofree.asia (2024-05-19T02:27:34+00:00) » Wage Growth Slows as Unemployment Falls Back to Half-Century Low. Retrieved from https://radiofree.asia/2023/01/06/wage-growth-slows-as-unemployment-falls-back-to-half-century-low/.
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" » Wage Growth Slows as Unemployment Falls Back to Half-Century Low." Dean Baker | radiofree.asia - Friday January 6, 2023, https://radiofree.asia/2023/01/06/wage-growth-slows-as-unemployment-falls-back-to-half-century-low/
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" » Wage Growth Slows as Unemployment Falls Back to Half-Century Low." Dean Baker | radiofree.asia [Online]. Available: https://radiofree.asia/2023/01/06/wage-growth-slows-as-unemployment-falls-back-to-half-century-low/. [Accessed: 2024-05-19T02:27:34+00:00]
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» Wage Growth Slows as Unemployment Falls Back to Half-Century Low | Dean Baker | radiofree.asia | https://radiofree.asia/2023/01/06/wage-growth-slows-as-unemployment-falls-back-to-half-century-low/ | 2024-05-19T02:27:34+00:00
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