Punching In: DOL Spurns Cooling the Jobs Market As Inflation Fix

Monday morning musings for workplace watchers.

Too-Hot Labor Market?|Wage Floor Ballot Issues

Rebecca Rainey: Does the labor market need to cool off to tame rising inflation? The Biden administration, unions, and Democrats say no. But those who control interest rates, the Federal Reserve, disagree.

The labor market is a key factor in the equation of how we measure our economic health. Friday’s employment report from the US Labor Department showed that businesses added 261,000 new jobs in October—above expectations—and earnings went up from the month prior. While unemployment ticked up slightly to 3.7%, the report suggests that the ...