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Unemployment Falls Back to Half-Century Low, But Wage Growth Slows

The pandemic increase in the length of the average workweek has been completely reversed. The December employment report showed a very strong labor market but much less evidence of inflationary pressures than in prior months. The unemployment rate fell…

The pandemic increase in the length of the average workweek has been completely reversed. The December employment report showed a very strong labor market but much less evidence of inflationary pressures than in prior months. The unemployment rate fell back to 3.5 percent, its half-century low. The U-6 measure of labor market slack fell to More

The post Unemployment Falls Back to Half-Century Low, But Wage Growth Slows appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Dean Baker.


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Dean Baker | Radio Free (2023-01-09T06:33:16+00:00) Unemployment Falls Back to Half-Century Low, But Wage Growth Slows. Retrieved from https://www.radiofree.org/2023/01/09/unemployment-falls-back-to-half-century-low-but-wage-growth-slows/

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» Unemployment Falls Back to Half-Century Low, But Wage Growth Slows | Dean Baker | Radio Free | https://www.radiofree.org/2023/01/09/unemployment-falls-back-to-half-century-low-but-wage-growth-slows/ |

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