U.S. Industry Quarterly Review: Labor

July 2002
U.S. Industry Quarterly Review: Labor;2002 3rd Quarter, p219
Industry Profile
Industry Overview
The article discusses about labor market in United States. Sluggish employment growth, low Consumer Price Index (CPI) inflation, and strict business cost controls suggest comparatively modest wage gains in the year ahead. However, benefit packages will remain under pressure so that increases in total compensation see very little change. Labor markets continue to slowly improve. After a month of rising unemployment claims, Global Insight predicted a small uptick in unemployment. Instead, the jobless rate fell by 0.2 percentage point, to 5.7% in August, 2002, its lowest level in five months.


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