Tag

Wages

All articles tagged with #wages

business7 days ago•24 min saved

PECO Workers Stage First-Ever Strike Over Wages and Benefits

PECO’s 1,600 unionized workers launched the utility’s first-ever strike after negotiations collapsed; the IBEW Local 614 says PECO offered about a 20% wage hike over five years plus enhanced retirement and medical benefits, but the union contends wages run roughly 30% below peers and is pressing for pension and health benefits for newer hires and a retirement policy based on gross payroll. PECO says it will maintain service during the walkout amid a July heat wave, and the strike has drawn cross-union support with reports of alleged assaults on workers that the company denies.

via WHYY|

#benefits #business #ibew-local-614

economy9 days ago•15 min saved

Labor market shows a cautious warming, but signs remain mixed

Economists expect June nonfarm payrolls to rise about 115,000 with the unemployment rate holding at 4.3%, a sign of gentle warming in the labor market as immigration declines and the workforce ages. However, the picture is still mixed: May hiring was weak, average hourly earnings lag inflation, and the quits rate remains depressed, suggesting workers haven’t felt the warmth yet. The Bureau of Labor Statistics’ June payrolls report is released today, following mixed data from private sources like ADP.

via Yahoo Finance|

#adp #economy #jobs

world1 month ago•2 min saved

SoFi Stadium workers avert World Cup strike with wage gains and job protections

The union representing roughly 2,000 SoFi Stadium workers reached a deal to avert a strike during the World Cup, after members authorized a strike; ratification votes will decide the agreement, which includes higher wages and protections against subcontracting union work, and extends to Rams and Chargers home games as SoFi hosts eight World Cup matches.

via NBC Sports|

#labor #sofi-stadium #union

business1 month ago•17 min saved

Inflation outpaces paychecks as Americans feel the real cost of living

Inflation rose 3.8% in April 2026 while average hourly earnings grew 3.6%, marking the first time in three years that inflation outpaced wage growth and shrinking purchasing power for many households. Price pressures from energy and groceries hit different groups unevenly, with wage gains varying by industry and region. The piece also discusses budgeting and hedges against inflation, including real estate investments via Arrived and gold-backed retirement options, as potential ways to protect nest eggs.

via Yahoo Finance|

#business #costofliving #inflation

business1 month ago•2 min saved

May Jobs Rally Surges as Hiring Broadens and Wages Rise

U.S. payrolls rose by 172,000 in May, beating expectations, with the unemployment rate steady at 4.3%; gains were broad, led by leisure and hospitality (+70k), local government (+55k), and health care (+35k). Average hourly earnings rose 0.3% for the month and 3.4% year over year. Revisions to prior months improved the picture, and the Fed is likely to hold rates as inflation remains the focus.

via CNBC|

#business #fed-policy #job-growth

economy1 month ago•12 min saved

Affordability by Place and Race: Brookings Maps the Gaps Across States

Brookings’ States of Affordability introduces a county‑level cost‑of‑living measure and finds that 45.5% of US households could not make ends meet in 2024, with wide variation by state and race; the report shows wages haven’t kept pace with productivity, reveals persistent racial disparities, and estimates that raising wages by $10/hour or cutting costs by $500/month could bring millions more households into affordability, underscoring the need for tailored state policies as the series explores drivers of affordability.

via Brookings|

#affordability #costofliving #economy

economy2 months ago•2 min saved

Energy surge fuels April CPI, pushing U.S. inflation to 3.8%

April CPI rose 0.6% for the month, lifting the year-over-year rate to 3.8% — the highest since May 2023 — driven largely by energy; core CPI gained 0.4% and 2.8% YoY, showing inflation spreading beyond food and energy. Real wages fell, markets moved lower, and traders priced in roughly a 30% chance of a Fed rate hike by year-end, with the Fed keeping rates unchanged in April.

via CNBC|

#cpi #economy #energy

business2 months ago•5 min saved

Strong Jobs Gain, Yet Supply Gaps Cloud Market Rally

April payrolls rose 115,000 with unemployment at 4.3% and wages up 3.6%, even as labor-force participation falls and the labor share of income hits a record low; markets hit new highs on earnings and tech leadership, but El-Erian warns a geoeconomic ceiling could emerge if energy tensions persist and inequality worsens. Consumer confidence is at a record low despite spending, and the Fed is expected to hold rates for now with Warsh taking the helm while Powell stays on the board.

via PBS|

#business #jobs-data #labor-market

entertainment2 months ago•2 min saved

Second Jenner housekeeper sues over alleged harassment and wage violations

Juana Delgado Soto, a second housekeeper for Kylie Jenner, filed a Los Angeles County Superior Court lawsuit accusing Jenner, Jenner Inc., supervisor Itzel Sibrian, and staffing firms of racial discrimination, harassment, wage violations, and failing to prevent harassment after Soto wrote a letter asking for help; the suit alleges Sibrian mocked her English and retaliated by cutting pay and changing her schedule. Jenner’s team said they had not yet seen the filing and declined to comment.

via ABC7 Chicago|

#entertainment #harassment #housekeeper

business2 months ago•4 min saved

New York City Doormen Avert Walkout With Four-Year Wage and Benefits Deal

NYC doormen and building owners reached a tentative four-year contract that would raise wages by $4.50 per hour over the term, keep free health insurance for workers and families, and boost pension benefits, covering about 34,000 workers. A strike was averted as ballots will be mailed to union members for final approval, with a vote expected by May 28.

via The New York Times|

#business #healthcare #labor

economy3 months ago•16 min saved

1970s Inflation Forecasts for 2026 Were Dramatically Off, TVs Prove the Point

A 1978 column warned that 6% annual inflation would push prices 16x by 2026, predicting a $11,200 color TV and an $80,000 car, with wages near $160,000. By 2026, TVs cost under $700, wage growth was slower than predicted, and housing costs rose sharply, showing how inflation forecasts can be off when underlying dynamics change.

via Gizmodo|

#1970s #2026 #economy

business3 months ago•5 min saved

Affordability Crisis Persists as Wages Stagnate and Prices Climb in Trump Era

A Guardian-exclusive poll finds Americans struggle with higher prices and stagnant wages as tariffs raise costs, debt grows, and social-safety-net cuts loom, despite White House claims of economic strength under Trump.

via The Guardian|

#business #cost-of-living #debt

business4 months ago•3 min saved

Starbucks union pushes for new contract with wage hikes, protections

Starbucks Workers United submitted a comprehensive contract proposal seeking a $17 starting wage, 4% annual raises, and staffing-and-protections measures for baristas, as negotiations resume with in-person bargaining planned for March 30 after stalled talks and holiday strikes; the union represents about 6% of company-owned U.S. locations and the outcome could influence Starbucks's turnaround and shareholder concerns ahead of the March 25 annual meeting.

via CNBC|

#business #contract-negotiations #labor-relations

education4 months ago•5 min saved

Portland Community College faces historic wage strike as talks stall

Portland Community College faculty and classified staff launched a historic strike—the first in the system—after nearly a year of stalled wage talks, with hundreds rallying across four campuses and PCC planning remote operation; unions demand inflation-matching raises as the college cites budget pressures and a projected $37 million shortfall, and negotiations aim to resume next week.

via Oregon Public Broadcasting - OPB|

#budget-deficit #education #inflation

economy4 months ago•5 min saved

UK unemployment climbs to five-year high as vacancies lag and redundancies rise

Official data show the UK unemployment rate rising to 5.2% in December, the highest since early 2021, with redundancies increasing and the number of unemployed per vacancy at a post-pandemic high. Wage growth remains uneven—faster in the public sector and softer in the private sector—and the ONS cautions about interpreting monthly vacancy data. A CIPD survey links hiring cuts to new workers’ rights and higher employer National Insurance costs, while markets price in potential Bank of England rate cuts later this year.

via Sky News|

#bank-of-england #economy #note-extra-tag-would-exceed-limit