we should get further evidence that there s a real slowdown happening in thejobs market. employers are growing more cautious, putting off hiring. employees are sticking around longer. one caveat, we could see some distortion to the numbers. the auto and actor strikes both ended in november, with many returning to work that same month. plus the end of the year is when many seasonal workers get taken on. now, america s central bank, the federal reserve, will be watching closely. that s because slower job growth and wage gains will fuel expectations that the fed will leave rates on hold. rates have risen to above 5% from nearly zero since march of last year as it wrestles to bring down inflation. the jobs report is the last significant piece of economic data before the us central bank s rate setting meeting next week. now we should note that despite expectations for a slowdown, america s labour market remains strong by historical standards. still, if economists frequently use th
happening in thejobs market. employers are growing more cautious, putting off hiring. employees are sticking around longer. one caveat we could see some distortion to the numbers. the auto and actor strikes both ended in november with many returning to work that same month. plus, the end of the year is when many seasonal workers get taken on. now, america s central bank, the federal reserve, will be watching closely that s because slowerjob growth and wage gains will fuel expectations that the fed will leave rates on hold. rates have risen to above 5% from nearly zero since march of last year as it wrestles to bring down inflation. the jobs report is the last significant piece of economic data before the us central bank s rate setting meeting next week. now, we should note that despite expectations for a slowdown, america s labour market remains strong by historical standards. still, if economists frequently use the word resilience to talk about the economy in 2023, they
have a tentative deal with the united auto workers union. general motors was the last to settle. jeep maker stellantis reached an agreement on saturday. ford announced its deal last week with this positive reaction from one ford employee, walter robinson. it s definitely going to be life changing for the people. a career and notjust a job. gm said it was pleased with the outcome, with ceo mary barra, adding that the deal would allow it to continue to invest in our future and provide good jobs in the united states. the agreements which still need to be ratified by rank and file union members include a 25% wage increase over four and a half years, as well as other benefits for the uaw. this is a big win. historically, the union has negotiated new contracts with one car maker at a time. by taking on all three at once, uaw president sean fain successfully pitted them against each other. for the past several weeks. analysts and pundits were crying that our union was going too far.
Three people have been shot and killed at a small grocery store in Montgomery. City officials say they are investigating if Tuesday night s shooting is connected to a string of