The U.S. labor market remains strong, with Morning Consult data showing little cause for concern. The incidence of lost pay and income among U.S. adults has ticked higher in recent weeks but remains relatively low, while job search activity, especially among prime-age adults, continues to move higher. Morning Consult data also shows a strong uptrend in workers’ perceptions of their own bargaining power, with the share saying their employer would provide a raise if asked or match a higher, external offer notably increasing in 2023.

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