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Wages Rise and Job Growth Outpaces Expectations in Latest Labor Report

Allwork

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 252
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Mixed Jobs Report Leaves Fall Labor Market Strength In Question

Allwork

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 217
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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.

2025 245
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U.S. Jobless Claims Fall, Suggesting October’s Job Losses Were Just A Blip

Allwork

Nonfarm payrolls increased by a mere 12,000 jobs in October, the fewest in nearly four years. The Fed initiated its policy easing cycle with an unusually large half-percentage-point rate cut in September, the first reduction in borrowing costs since 2020. 2, the claims report showed.

Payroll 228
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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 226
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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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U.S. Unemployment Claims Fall Beyond Expectations

Allwork

The claims report covered the week during which the government surveyed employers for the nonfarm payrolls component of October’s employment report. Economists expect Federal Reserve officials won’t place too much weight on the employment report when they meet in early November. 5, the claims report showed.

Payroll 147