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US Cities Hike Wages to Rebuild Workforces as Recession Looms

US Cities Hike Wages to Rebuild Workforces as Recession Looms

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June 29, 2022, 2:30 PM

US cities massive and small are mountain climbing wages and dangling incentives to draw and retain staff amid rising inflation — simply as the danger of a recession deepens.

From the coastal enclave of Morro Bay, California, to the sprawling metropolis of Houston and the New York bed room group of Jersey Metropolis, state and native authorities officers are struggling to shore up workforces that had been decimated by the pandemic and the Nice Resignation.

“They’re in a decent spot,” mentioned Moody’s Analytics economist Emily Mandel, including that native governments should steadiness personnel wants amid heightened issues over an financial downturn. “They …

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