US workers are receiving smaller cash bonuses this year, indicating that employers are less concerned about losing talent than in recent years. The average cash bonus paid to employees last month was $2,145, down 21% from the previous year, according to payroll software company Gusto. Every industry posted a decline, …
Read More »FOMC’s statement: Inflation remains elevated
Recent data suggests that economic activity expanded at a strong pace in the third quarter, according to the FOMC statement released on Wednesday, Nov. 1, following the committee’s decision to leave interest rate policy unchanged. The following FOMC members voted in favour of the monetary policy decision: Philip N. Jefferson, …
Read More »US Job Openings Flat In January Vs. December’s Record
Data released on Wednesday showed there were 11.263 million job openings in the United States in January, marking a slight decline from the prior month’s upwardly revised, and record high, number, according to the labour Department.Analysts expected the number to hold steady at December’s previously stated 10.925 million.The phrase ‘little …
Read More »4.2 Million Americans Resigned In October
As workers continued to search for better opportunities, the higher number of resignations is part of the economic disruption that continues almost two years after the coronavirus pandemic had broken out.About 4.2 million Americans quit their jobs in October as anxiety in the labour market continued to impact the US …
Read More »