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This special edition of the Insights newsletter breaks down a recent downward revision to hiring totals. The Bureau of Labor Statistics (BLS) released data reporting that the labor market created 818,000 fewer jobs than previously reported, from March 2023 through March 2024. So, what is the impact of this change? The previous 12-month job creation […]
Written by Mallory Vachon, PhD on August 26, 2024
If we asked you which metros in the United States had the highest wages, you’d likely say New York or San Francisco. And you’d be correct. But if we asked you which metros had the highest wage growth (how much wages are changing on a relative percentage basis), would your answer stay the […]
Written by LaborIQ Staff Writer on August 15, 2024
Are current market-competitive salaries not aligned with your expectations of what you should pay employees? Or does one of the below situations sound familiar to you ❔ Wild swings in the job market made it impossible to keep pay competitive against competitors. You interviewed many candidates who were a great fit, but you were not […]
Written by LaborIQ Staff Writer on November 1, 2023
In March 2023, the U.S. Congress introduced a bill for the Salary Transparency Act. This aims to force companies to be more transparent about employee pay. If passed, US employers must be open about salary ranges to current employees and within any job postings. Furthermore, if someone believes an employer is breaking this law, they […]
Written by Rosie Greaves, LaborIQ Staff Writer on June 23, 2023
