How waste management fleets can navigate a volatile labor market
Like many fleet-driven industries, the waste management industry is grappling with labor uncertainty. Last year, the Federal Reserve opted to cut interest rates due to cooling inflation , and it had signaled the intent for additional cuts in 2025. However, the current administration’s ongoing trade negotiations have led the Fed to be cautious about cuts, wanting to https://business-strategy-conferences.scifat.com/ wait and see how the negotiations—specifically the tariffs—affect the economy and job market. According to a July report from the Associated Press , June hiring reached 147,000, up from 144,000 in May (and outpacing the forecast), while unemployment fell to 4.1 percent (below forecast). On the flip side, average hourly wages didn’t hit the expected month-over-month target, though year-over-year gains are on track. Private sector hiring was about half what was expected and was outpaced slightly by the public sector. While these numbers pres...