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The Latest Breaking News on Jobs Growth Slowed Sharply in October: What the Experts Are Saying

Washington job market shrugs off recent tech layoffs — for now

Washington's tech companies are cutting thousands of jobs, but hiring in other industries remains surprisingly strong despite new signs of a slowdown next year.

Tribune News Service

Federal investigators focus on emails between Trump lawyers and congressman – as it happened

Revelation casts light on direction of the criminal inquiry into the former president’s insurrection efforts

The Guardian - US

US jobless claims unexpectedly drop to lowest since September

Applications for US unemployment benefits fell last week to the lowest since September, another sign of resiliency in the labor market amid a weakening economy.

Tribune News Service

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UK labour market heads for turning point as pay growth nears peak

Wage demands likely to cool as inflation starts to head down and unemployment rises

The Guardian - UK

US jobless claims up modestly last week

Slightly more Americans filed for jobless claims last week but the labor market remains one of strongest parts of the U.S. economy

The Independent UK

New York Times braces for 24-hour newsroom strike

The New York Times is bracing for a 24-hour walkout by hundreds of journalists and other employees

The Independent UK

Editorial: Keep on track: Congress is right to work to avert a hugely disruptive rail strike

American workers have the right to band together and bargain collectively for better pay and benefits — and unions are generally a force for good. That’s why we’ve cheered the push to organize Amazon warehouses, Starbucks locations and other workplaces. And when push comes to shove, employees have a right…

Tribune News Service

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Biden Calls On Senate To Act As The Rail Strike Looms To Daily Economic Damage

The possibility of a $2 billion a day cost to the American economy is on the line as President Joe Biden pushes for a deal

Zenger

EXPLAINER: 5 key takeaways from the November jobs report

For nearly nine months, the Federal Reserve has relentlessly raised interest rates to try to slow the U.S. job market and bring inflation under control

The Independent UK

US President Joe Biden signs bill to avoid December rail strike

Biden vows to return to the issue of paid sick leave ‘not just for rail workers but for every worker in America’.

Al Jazeera

Jobs are up! Wages are up! So why am I as an economist so gloomy?

In any other time, the jobs news that came down on Dec. 2, 2022, would be reason for cheer.

The Conversation

Biden avoids rail strike with new deal, but not everyone is happy

WASHINGTON — President Joe Biden signed legislation imposing a deal he negotiated between freight railroads and organized labor, averting a possible strike but risking a divide with rank-and-file union workers who opposed the settlement.

Tribune News Service

'Two steps forward, one step back': Experts weigh in on November’s jobs report and Powell's big inflation challenge

Persistent wage growth and a low unemployment rate may be great for Americans, but they're making the Fed's inflation fight that much more challenging.

Fortune

How the booming labor market makes it harder for the Fed to tackle inflation

The labor market is fantastic for workers. But that may eventually spell trouble for the economy.

Axios

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Tribune News Service

Biden avoids rail strike with new deal, but not everyone is happy

President Joe Biden on Friday signed legislation imposing a deal he negotiated between freight railroads and their unions, averting a possible strike that threatened to upend key shipping arteries ahead of the Christmas holidays.

The Independent UK

Biden signs bill to avert rail strike and says fight for paid sick leave ‘isn’t over’

President touted the “historic” 24 per cent wage increase the deal will provide workers over the next five years

Axios

Biden signs rail agreement into law, thwarting strike

Some railroad workers have said the deal doesn't adequately address concerns over workplace conditions.

The Independent UK

Rail strike to be averted: Biden to sign bill

President Joe Biden will sign a bill Friday to avert a freight rail strike that he said could have plunged the U.S. into recession

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Bangkok Post

Hot US job market a challenge for Fed

WASHINGTON: US employers added more jobs than forecast in November and wages surged by the most in nearly a year, pointing to enduring inflationary pressures that boost chances of higher interest rates from the Federal Reserve.

Investors Business Daily

Jobs Report: Wage Growth Jumps Amid Strong Hiring; Dow Jones Falls

November's jobs report showed surprisingly strong hiring and even stronger wage growth. Stocks fell amid worries about more Fed rate hikes.

Axios

U.S. economy adds 263,000 jobs in November

The figures are the latest signal of a roaring labor market that continues to defy fears of a recession.

The Guardian - US

US adds 263,000 jobs in November as unemployment rate stays at 3.7%

Jobs market remains strong even as Fed imposes biggest series of rate rises in decades in effort to tame inflation

WEKU

The U.S. gained 263,000 jobs last month. It's good news for workers, but not the Fed

Hiring slowed slightly in November amid rising interest rates. But the U.S. job market remains unusually tight. Employers added 263,000 jobs in November while unemployment held steady at 3.7%.

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