AxiosCenter·
Employers are hiring less but paying more
Private employment data suggests that the labor market might be tighter than the headline hiring numbers alone suggest, with worker pay accelerating alongside lackluster jobs growth. Why it matters: Employers are pulling back on hiring as they navigate an uncertain economic outlook, but supply constraints continue to limit the pool of available workers in some industries. That's helping speed up pay growth — a boon for workers in industries like construction and health care, where employers are…
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