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Social Security Will Not Provide Sufficient Retirement Income for Low-Wage Workers

howard schneider: Key US jobs data boost Fed s soft-landing hopes

Combined, the two data points suggested a drop in labor demand and an easing of hiring conditions, something the U.S. central bank feels is necessary to continue lowering inflation and easing the pressure for wage hikes.

U S Employment Trends Point to Moderate Cooling, Aiding Inflation Control Efforts – «Market Leader» – news and previews making you rich

U S Employment Trends Point to Moderate Cooling, Aiding Inflation Control Efforts – «Market Leader» – news and previews making you rich
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Key US jobs data boost Fed s soft-landing hopes

Key U.S. jobs data began approaching pre-pandemic levels in July, a sign of the sort of employment market cooling Federal Reserve officials hope can lower inflation without a sharp rise in the unemployment rate. The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) showed 2.3% of nonfarm payroll workers quit their jobs in July, down from a rate as high as 3% during the pandemic-driven "Great Resignation." Combined, the two data points suggested a drop in labor demand and an easing of hiring conditions, something the U.S. central bank feels is necessary to continue lowering inflation and easing the pressure for wage hikes.

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