• U.S. job quits rate hits 17-year high; labor market tightening

    7 monthes ago - By Reuters

    More American workers voluntarily quit their jobs in May, government data showed on Tuesday, a sign of confidence in the labor market that economists say will soon boost wage growth.
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  • Chart of the Week: An Answer to the U.S. Wage Puzzle

    Chart of the Week: An Answer to the U.S. Wage Puzzle

    7 monthes ago - By iMF Direct

    By Yasser Abdih
    July 10, 2018
    Hiring is strong, but workers still aren't seeing big raises (
    Wages in the US have grown slowly in recent years, even as the unemployment rate has fallen to the lowest levels in decades. This is puzzling. Economic theory and common sense suggest that companies competing for a shrinking pool of available workers would have to raise wages as the labor market tightens.
    What explains stagnant wage growth, then? The Chart of the Week, based on our new study , offers a plausible answer: slower growth in labor productivity-the amount of goods or services produced in...
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