Amara Omeokwe
speaker
439 appearances
11 recordings
1 series
first heard Mar 2020
last heard Dec 2023
Amara Omeokwe’s voice in public audio — every appearance, attributed to the second.
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Appearances
In June, we saw over 200,000 jobs added.
We see unemployment at a still very low rate.
And we also see quite robust wage gains.
What it says is that the labor market is still strong.
It's still tight when we think about the number of available workers globally.
compared with the number of job openings, you know, job openings still exceed the number of available workers.
So in a lot of ways, we're seeing that employers are still looking for workers or holding on to the ones they have.
So a very solid labor market still.
Yes.
And that's a very important point to note.
Although inflation has cooled, we are still seeing higher prices for a lot of items.
And when you think about where we've come from, although workers' wages are now outpacing inflation, workers have really had to digest these higher prices over these last two years.
And so it's not necessarily a cause to be overly optimistic or overly exuberant.
It is good that people are feeling better, but you also have to remember that
People have really been dealing with higher prices for a while now, and we still are seeing prices go up just at a slower pace.
And also, there are some items for which prices are still going up.
So the cool down in inflation hasn't been even across the board.
So when I asked economists about what to expect going forward, what I essentially heard was that as inflation comes down, we should see the increase in wage gains also slow down.
Because inflation has been rising and because the labor market has been tight, workers have been saying to their employers,
compensate me accordingly, right?
Showing 81–100 of 439 · page 5 of 22
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