The deep drop in omicron cases in February gave businesses the green light to hire and more people who got sick returned to work. So Wall Street is expecting...
The deep drop in omicron cases in February gave businesses the green light to hire and more people who got sick returned to work. So Wall Street is expecting a sturdy increase in U.S. employment.440,000 forecast Economists polled by the Wall Street Journal predict... The deep drop in omicron cases in February gave businesses the green light to hire and more people who got sick returned to work. So Wall Street is expecting a sturdy increase in U.S. employment.
The number of people working still hasn’t returned to precrisis levels, for one thing, and many may not return to the labor market anytime soon, if at all.Higher worker pay The labor shortage has given employees the most leverage over employers in decades. “Labor shortages remain and wage gains are showing no signs of slowing,” said Joel Naroff of Naroff Economic Advisors.
The share of able-bodied people over 16 either working or looking for work stood at 62.2% in January — well below the precrisis peak of 63.4%. The so-called participation rate is expected to stay the same in February. Caveats and the Fed … Economists warn against reading too much into the U.S. employment report or taking Wall Street’s DJIA SPX forecast at face value.
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