Pay for new hires declining in blue-collar jobs amid shifting economic conditions
New data reveals that pay for new hires in some blue-collar jobs is decreasing, reflecting shifting economic conditions and employer responses to labor market changes.
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UBS Wealth Management increases U.S. recession odds to 25% amid economic uncertainty
UBS Global Wealth Management has raised the probability of a U.S. recession to 25% due to weaker jobs growth and high July unemployment. The firm's updated forecast contrasts with J.P. Morgan's 35% and Goldman Sachs' 20% recession probabilities, reflecting varied economic outlooks.