Attention Economy


Friday, November 4, 2022

Inflation and the Labor Market

US Jobs Top Forecasts, Wages Pick Up in Resilient Labor Market
https://www.bloomberg.com/news/articles/2022-11-04/us-adds-jobs-at-robust-pace-underscoring-labor-market-strength
 
Employment Situation Summary
https://www.bls.gov/news.release/empsit.nr0.htm
Total nonfarm payroll employment increased by 261,000 in October, and the unemployment rate
rose to 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains
occurred in health care, professional and technical services, and manufacturing.
 
Workers Expect Fast Inflation Next Year. Could That Make It a Reality?
https://www.nytimes.com/2022/11/04/business/economy/federal-reserve-inflation-expectations.html
The Federal Reserve chair is eyeing near-term inflation expectations, which might shape wages — and help keep prices rising rapidly. 

Related: