The Business Times
business-time-50

Wage stagnation dampens June job creation

google-preferred-sourceAdd BT as a preferred source
Published Thu, Jul 2, 2015 · 09:50 PM

    Washington

    THE US labour market took one step forward and one back in June as job creation advanced while wages stagnated and the size of the labour force receded.

    The addition of 223,000 jobs followed a 254,000 increase in the prior month that was less than previously estimated, a Labour Department report showed on Thursday in Washington. The jobless rate fell to a seven-year low of 5.3 per cent as more people left the workforce.

    Wages

    TRENDING NOW

    The hiring push comes as Singapore’s banks expand their wealth franchises across Asia.

    Singapore banks’ battle for wealth talent goes beyond private bankers

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

    Employers want AI-fluent employees. Hiring them is the challenge

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More