Goldman Sachs economists underestimated just how low the unemployment rate would drop this year; so much so that they have actually adjusted their outlook for 2018 to 3.8% from the original 4.1% projection. Typically, wage increases occur when the job market is tight because employers have to pay more to attract and retain workers. Despite a current 4.3% unemployment rate, and a highly competitive job market, wages are rising barely faster than inflation. The most recent Bureau of Labor...
By AdminEmployersBureau of Labor and Statistics, Compensation, Employee Retention, inflation, labor scarcity, Talent Pool, Talent Shortage, Top Talent, unemployment rate, wage increase, wages0 Comments