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Aaron Sojourner@aaronsojourner.org |
Fall in temporary help employment is scariest signal here. Easy to add when demand 🔼 & shrink when demand 🔽. Over-year fall is strong predictor of recession, been falling for a while. Alternatively, temp agencies can't keep staff bcz employers forced to use more perm hires. That'd be a new pattern.
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Aaron Sojourner
@aaronsojourner.org
[ View ] |
If employer demand for labor falls or new workers enter to supply, price (wage) should fall. Private-sector wage growth decelerating in annualized over-the-month (3.5%), over-3-month (3.6%), & over-year (3.9%) rates. Fed, bizs, & retirees want to push this down. Working families, not so much.
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