RICHARD CRAVER, Greensboro News and Record (12/31/22) For Greensboro and Guilford County economic developers, workforce trainers and residential and commercial real-estate firms, 2023 will be a year of speculation. The first of several waves of hiring is slated to begin in earnest for two employers planting what are hoped to be deep roots in the county and Triad. Construction is projected to commence by this
Associated Press (12/14/22) Rugaber, Christopher The U.S. Federal Reserve announced a substantial increase in its benchmark rate, now ranging from 4.25% to 4.5%, the highest in 15 years, aiming to combat the highest inflation levels in four decades. Chair Jerome Powell emphasized the necessity of significantly higher rates to address inflation concerns. Projections indicate a further increase to 5% to 5.25% by the end of
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Reuters (12/08/22) Schneider, Howard The movement of people into and out of the U.S. labor force has shifted against the U.S. Federal Reserve’s wish that an increasing supply of workers will help tame inflation. The coronavirus pandemic resulted in a huge dislocation in the job market, with tens of millions at least temporarily unemployed. Fed policymakers initially expected those distortions would wane over time and
Wall Street Journal (12/04/22) Rubin, Gabriel T. There is a tug of war between companies and workers over wage increases, and the outcome is critical for the inflation outlook. Friday’s November jobs report showed annual growth in hourly earnings accelerating to 5.1% from 4.9% in October. Workers continue to be awarded pay hikes, partly due to help remaining so hard to find. Many companies across
MarketWatch (11/30/22) Bartash, Jeffry Job openings declined to 10.3 million in October in another sign the U.S. labor market is cooling as the economy softens. Still, it doesn’t seem to be cooling as quickly as the U.S. Federal Reserve would like. Job listings are down from 10.7 million in September, according to the U.S. Department of Labor. Job postings have declined from a record 11.9
