#labor-market

#labor-market

There's more troubling news for the white-collar job market: wage growth is falling short of inflation. A Bankrate analysis used employment cost index and consumer price index data from the Bureau of Labor Statistics to look at how the gap between wage and salary growth and inflation has changed since 2021. The difference allowed Bankrate to identify the industries with better worker bargaining power. Financial activities and professional and business services fell on the wrong side of that divide. Wage growth falling behind inflation in those sectors adds to the bleak picture of the white-collar labor market.

Accurate economic data is essential for informed decision-making by leaders. The federal government established 13 statistical agencies, including the BLS, to provide this crucial information.

Denmark has the best labour market in Europe, with positions available in every field. The country has an aging population and has maintained strict migration laws.

With America's workforce in a demographic crunch and historic changes in immigration policy under way, it is "quite possible that the next five years will see no growth in workers at all."

In 2023, American colleges graduated 134,153 citizens or green card holders with bachelor's or master's degrees in computer science. That same year, our federal government handed out 200,000 H-1B visas.”

While private sector employment made a lackluster gain of 74,000, government job creation, especially in education, significantly inflated the total to 147,000, showcasing a profound irony.

Germany faces an acute shortage of skilled workers, with deficits in 163 recognized shortage professions and unfilled skilled job estimates expected to rise significantly over coming years.

In the US, the number of contingent workers is poised to increase significantly, with 65% of companies intending to ramp up reliance on such labor in the coming years.

Juan Carlos, waiting outside Home Depot, carries a message on his T-shirt, 'We built this city,' representing hard-working individuals who constructed the urban landscape of New York.

"Artificial intelligence is going to replace literally half of all white-collar workers in the US," Farley said. That's why, he said, more people are looking to the skilled trades.

AI’s effect on the economy to date is probably not great yet, but it has enormous capabilities to make really significant changes in the economy and labor force.

In the market for goods and services, consumers of all ages are more likely to support brands with purpose built on sustainability, fair prices, good business practices, and positive contributions to society. People are willing to pay more for these products and services, and their willingness to engage with these brands over others increases each year.

The holding companies for banks such as Bridgewater Bancshares and Heartland Bank and Trust Company mentioned deportations may affect their 'forward looking statements' but weren't clear on the outcomes.

The work permit salary threshold for non-EU foreigners in Sweden is set at 80% of the median salary, currently 28,480 kronor monthly before tax.