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Robust Job and Wage Growth Showed Signs of Cooling in Late 2022
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The labor market proved to be a resilient stabilizer in 2022 for a U.S. economy facing the highest inflation in four decades.
With the Federal Reserve having raised interest rates at the fastest pace since the early 1980s to fight inflation, however, the economy has slowed, and effects of that are filtering into hiring and wages.
Read more on wsj.comAbout this in other media
Unemployed Americans Find Job Searches Take Longer as Labor Market Cools wsj.com /1 year ago
Unemployed Americans Find Job Searches Take Longer as Labor Market Cools wsj.com /1 year ago
Goldman Sachs London staff shell-shocked as job cuts hit: ‘There were a lot of tears’ fnlondon.com /1 year ago
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