Another indication that the labour market is losing pace is that wage growth is slowing for job-hoppers.
There is a slowdown in the US labour market. The number of jobs added in each of the previous three months was under 200,000. The unemployment rate has increased by 18 months. In July, the number of job opportunities reached a two-year low. And now, job-hoppers—some of the biggest winners from the pandemic-era labour market—are … Read more