The hiring for senior professionals with more than 12 years of experience continues to dominate the hiring activity at the beginning of 2023, recording more than 20 per cent growth vs. last year. aaa
expected 5.5% wage growth versus last year, and the reason this is such an important factor is the wage component, it is because of how worried markets are about inflation. it job growth begins to slow down, it might be seen as a welcome development because if the labor market is too hot, that could drive inflation higher and it has a negative impact on corporate profits and it feeds through to economic growth. so the wages are a component, that s the thing that we re watching in today s report. before i let you go, one more story that we have our eye on, adidas has warned that its operating profit this year will be lower than previously expected. what happened will? yes, so the shares at the hope, they said they had to cut their guidance for 22. the main reason for this is what is happening in china. the covid lockdowns are taking their toll. 25% of their stores are currently closed in china. so it is a difficult road ahead. investors weren t expecting such a hit.
the fossil fuel industry. they ve already artificially suppressed production in this country by equivalent of 2 million barrels of oil a day. harris: we will bring you back on another day, the president of the united states, let s watch. president biden: i want to talk about the extraordinary resilience and the grit of the american people and american capitalism. our country is taking everything that covid has thrown at us and we have come back stronger. i am pleased to report this morning and many of you already know that america s job machine is going stronger than ever. fueling a strong recovery and opportunity for hardworking women and men all across this great country. america is back to work. today, we learned in january our economy created 467,000 jobs, and that s not all. it job growth in november and december over last year was revised up by more than 700,000 jobs. on top of that, 400,000 jobs on