Core Insights - Employers are expected to remain cautious about major hiring, leading to limited pay increases in the upcoming year [1][2] Employment Trends - Major forecasts indicate a continuation of recent trends in the job market, with hiring slowing significantly compared to previous years [2] - Employers are hesitant to hire extensively while also avoiding mass layoffs due to economic uncertainty from unpredictable tariff policies [2] Wage Growth - U.S. employers plan to implement average raises of 3.3% in 2026, slightly lower than the previous year [3][9] - Wage growth is anticipated to be moderate, reflecting a cooling labor market, with job openings stabilizing and a slight rise in unemployment [4][9] - Wage growth has decreased over the past year, with a reported increase of 2.5% in September compared to 3.4% in January [5][6] Economic Implications - The job market is expected to remain subdued, with forecasts suggesting that wage increases will not match the significant raises seen in 2022 [4] - Some economists believe that the slowdown in the job market may exert downward pressure on wages, influencing the Federal Reserve's decisions on borrowing costs [6] Sector-Specific Insights - There is potential for wage increases in sectors like construction, which have been impacted by immigration policies, as these areas may experience tighter labor conditions [7][9] - A modest improvement in demand could stabilize and tighten the labor market, particularly in sectors affected by labor supply issues [8]

Joe, always good to see you. Thanks so much for joining me. >> Thank you.Very good to be with you, Jennifer. Happy holidays. >> Happy holidays to you.And what a way to kick off the holidays with such a stellar third quarter GDP number up 4.3% a full percentage point above expectations and driven by consumer spending up three and a half% though a large chunk of that from healthcare spending. Though we also saw trade really add to this number as well. Joe, can we see this level of growth sustained into next y ...

WASHINGTON (AP) — The U.S. economy grew at a surprisingly strong 4.3% annual rate in the third quarter, the most rapid expansion in two years, driven by consumers who continue to spend in the face of ongoing inflation. U.S. gross domestic product from July through September — the economy’s total output of goods and services — rose from its 3.8% growth rate in the April-June quarter, the Commerce Department said Tuesday in a report delayed by the government shutdown. Economists surveyed by the data firm Fa ...

Core Insights - Delayed data on the job market and inflation has created uncertainty regarding the current state of the U.S. economy [1] Group 1 - The lack of timely information on employment figures and inflation rates complicates the assessment of economic conditions [1] - Investors and analysts are left without clear indicators to gauge economic performance, leading to potential volatility in market reactions [1]

So, the president came out saying he's trying to fix a mess right now. Uh, didn't really seem to address two of the big issues. Some of the weakness in the job market and the concerns about AI while it's a driver for the economy taking away jobs.Do you think he missed the mark here. What do you think the read is when it comes to voters. >> Right.Um, you know, there are a lot of statistics uh and numbers that he put forward in that speech and yet he still, you know, sort of managed to miss a couple of things ...

Joining us right now is Joe Davis, Vanguard's global chief economist, global head of investment strategy. Vanguard recently released its economic outlook for 2026. Uh good morning to you.Let's talk about the outlook in just one second, but CPI, what what do you expect. What what should we be looking for today. >> Well, I think it's going to be mixed.I mean, I think we will see a trend that's in some components is coming down, but you'll see some pressures. you know, the areas tied to either tariffs and then ...

The bottom has fallen out of the job market https://t.co/ZO7K4IAQGB ...

Unemployment rose to a four-year high of 4.6% in November and the economy added 64,000 jobs, new Bureau of Labor Statistics data shows. https://t.co/FuPL6Gi8yx ...

Asia's Gen-Z is finding itself squeezed out of the job market as China diverts its exports away from the US, writes @karishmajourno (via @opinion) https://t.co/CG1Rh85MB4 ...

Let's bring in Moody's Analytics chief economist Mark Xandandy who I assume Mark you've you've been listening in. Do you do you have a do you do you have an opinion on on one or the other and qu this question about credibility and how close they are to the president. >> I think they're both reasonably good choices, Sarah. I mean I I know Kevin I guess they're both Kevin.I know them pretty well. They're good economists. They are very experienced.Uh both uh lived and worked through the financial crisis. So th ...