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Tag: labor market

2024’s Immigration Developments Will Have Impact on Employment

Over the past few years, there have been much higher rates of immigration than had previously been projected. In 2019, the Congressional Budget Office (CBO)—which is tasked with providing independent, nonpartisan analysis of economic and budgetary issues to support the Congressional budget process—estimated that net immigration in 2023 would total one million people. Now that […]
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Insights from the Latest U.S. Jobs Report

The newest U.S. jobs report is a grab bag of labor-market signals. The U.S. economy added 206,000 jobs, down from about 218,000 in May 2024. At the same time, the unemployment rate ticked up slightly to 4.1%, while wage growth slowed to its lowest rate in three years. Cooling Labor Demand While 4.1% unemployment is […]
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Greece Begins Limited Six-Day Workweek

There’s been a lot of talk recently about the feasibility and value of a shorter workweek. Multiple factors have contributed to this. For one, advances in productive technologies like artificial intelligence and various forms of automation have already demonstrated significant potential in reducing the need for human labor. Additionally, the experience of the COVID-19 pandemic […]
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