Strong Jobs Market Spurs Bigger Salary Offers
“Americans still think plenty of jobs are available and companies are offering better pay as they compete for a shrinking pool of available labor, new study by the New York Federal Reserve shows,” Jeffry Bartash reports in MarketWatch.
“The Fed study is the latest proof the jobs market continues to sizzle. The rate of layoffs each week — known as jobless claims — fell below 200,000 earlier this month for the first time since 1969. The economy also added almost 200,000 new jobs in March after a feeble 33,000 gain in February, keeping the unemployment rate at 3.8%.”
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