U.S. Industry Quarterly Review: Labor

April 2002
U.S. Industry Quarterly Review: Labor;2002 2nd Quarter, p215
Industry Profile
Industry Overview
The article discusses about labor productivity in United states. Labor markets are improving. Employers added jobs in both April and May, initial unemployment claims are slowing, and hours are rising. Strict cost controls and sluggish employment growth during this recovery suggest comparatively modest wage gains in the year ahead. Moreover, benefit packages will remain under real pressure, so that increases in total compensation may see little change. Despite decelerating wages for the nation as a whole, growth varies dramatically by region. Workers in the South and West have seen smaller increases in their paychecks while gains in workers' paychecks in the Northeast and North Central states have continued to accelerate.


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