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Newspaper
Standard Speaker
Location
Hazleton, Pennsylvania, United States of America
Date
Jun 02, 2023
Page
11
The almanac credits AccuWeather, Inc. for forecasts and graphics. It notes 2023 as the publication year and outlines the weather outlook and visual data provided by the service.
The Labor Department releases May nonfarm payroll data with economists forecasting 188,000 added jobs, down from April and revised decreases for February and March. Wage growth is seen easing to 0.3 percent month over month, while the Fed maintains a strict rate-hike stance to cool inflation and the labor market.
A surge of retirees, rising to about 20 percent of the population and 24 percent of workers aged 55 plus, shrinks the labor pool. Employers from airlines to nursing report hard-to-fill roles as immigration slows and aging workers leave. Recruitment remains strong in some sectors despite high borrowing costs.
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