In a "restructuring" economy, which industries gained and lost jobs in 2022

Feb 8, 2023
Here are the industries that saw the biggest job gains and the ones still falling behind.
“It’s a large-scale restructuring, but the labor market goes through large-scale restructurings all the time," said Michael Montgomery of S&P Global Market Intelligence.
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As the job market cools, "job churn" is leveling off from historic pandemic highs

Feb 1, 2023
The more people switch jobs, the better the odds anybody can find a better one.
The number of job openings increased in December. But the rates at which people quit their jobs – and at which companies hire – have been stagnating over the last few months.
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Wage growth is slowing down. But is there an upside for workers?

Jan 31, 2023
Wages increased 1% in Q4. Inflation is also slowing. All that could impact whether — and by how much — the Fed hikes interest rates.
Wage growth slowed to 1% in Q4, but inflation has been slowing too.
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Manufacturing sector shows more signs of cooling

Jan 24, 2023
Monthly data from the Federal Reserve shows a slowdown in shipments, new orders and employment in the sector.
The manufacturing sector added only 8,000 jobs per month in November and December — well below the average of 32,000.
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Layoffs are up, first-time jobless claims are down. What gives?

Jan 23, 2023
The job market is still tight, so many who've lost jobs rejoin the workforce fast. Others aren't eager to deal with the unemployment insurance system.
Layoffs have so far been concentrated in the tech sector, but the overall unemployment trend has remained near decade-lows.
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Why your paycheck isn't keeping up with inflation

Jan 16, 2023
The average paycheck lagged behind inflation in 2022, and the higher prices are hitting low-wage workers the hardest.
Recent data show that wages aren't growing at a fast enough rate to keep up with inflation, which impacts low-income workers the hardest.
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Devonte and Cassie Bradford with their three kids, Damari, Kendrix and Jaylee.
Courtesy Bradford family

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More than half a million health care workers were hired last year. We still need more.

Jan 9, 2023
The recent jobs report shows a marked rise in the number of healthcare jobs added to the economy.
The latest jobs report shows that the number of workers in the health care sector has climbed back to around pre-pandemic levels.
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Wage growth slowed in December, pleasing inflation hawks

Jan 6, 2023
Earnings have been rising quickly, but the cooler data may restrain the Federal Reserve's rate-hike campaign.
While workers have seen significant pay gains in the past year, real wages are down as a result of inflation.
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How companies decide to lay off workers

Jan 5, 2023
Layoffs are often one of the first ways companies cut costs. But they don’t take them lightly because there’s a lot at stake, not least employee goodwill and public image.
Amazon is beginning layoffs again after starting staff cuts in November. The layoffs are impacting roughly 5% of Amazon's workforce.
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