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Wages Rise and Job Growth Outpaces Expectations in Latest Labor Report

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In addition to the better-than expected increase in nonfarm payrolls reported by the Labor Department on Friday, wages rose at a solid pace last month. The closely watched employment report also showed the economy added 72,000 more jobs in July and August than previously estimated. Social assistance payrolls rose by 27,000 jobs.

Payroll 238
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Mixed Jobs Report Leaves Fall Labor Market Strength In Question

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The other noteworthy aspect of the report was that average hourly earnings rose by 0.4% Bloomberg reports that much of the job growth was concentrated in the private-sector services including leisure, education, and health services. in August — surpassing the estimated 0.3% increase and marking a year-over-year rise of 3.8%.

Payroll 200
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AT&T Extended Its Remote Work Policy, But Some Employees Are Still Being Forced Back

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AT&T’s union recently came to an agreement with the company to extend the company’s remote work policy until next year. Some workers who shifted to remote arrangements in the last few years reported higher productivity and attendance levels. However, some workers are saying that they are still being forced to return. .

AT&T 208
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HBR on Why Companies Need Digital Nomad Programs and Policies

Small Business Labs

The Harvard Business Review's Your Company Needs a Digital Nomad Policy covers the reasons why companies should have formal digital nomad programs and policies.   The second reason is that having digital nomads on the payroll can leave firms open to a variety of regulatory and legal risks.

Policies 149
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Surging Labor Market Bumps Odds Of U.S. Recession Down To 15%

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Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months by five percentage points to 15%, following the latest employment report that showed better-than-expected data. The Federal Reserve cut its policy rate by 50 bps in September to the 4.75%-5.00% range, its first rate reduction since 2020.

Payroll 227
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U.S. Labor Market at a Crossroads: Dwindling Job Growth Amid Rising Wages

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from the same period last year. Bloomberg reports that the unemployment rate continues to hover near historical lows, and workforce participation maintains a steady rate of 62.6%. payrolls report is a key indicator of economic health, and slower job growth could be an early sign of an economic slowdown.

Payroll 226
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U.S. Added 263,000 New Jobs In November As Wages Continue To Rise

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Labor Department’s latest jobs report shows that the country added 263,000 nonfarm payrolls in November, exceeding economist expectations. . To have 263,000 jobs added even after policy rates have been raised by some [375] basis points is no joke,” said Seema Shah, chief global strategist at Principal Asset Management.

Payroll 198