Tag

Wages

All articles tagged with #wages

economy5 days ago•5 min saved

Inflation Outpaces Pay, Eroding Americans’ Purchasing Power and Confidence

Despite a growing economy and low unemployment, inflation has outpaced wage growth for four straight months, eroding purchasing power and dampening consumer sentiment. A University of Michigan survey shows most Americans expect prices to rise faster than income, and a Chicago Booth/ADP study finds real wages fell for about 40% of workers between 2020 and 2024, with bonuses offering little relief. The result is persistent economic unease even as growth and jobs remain positive.

via Business Insider|

#consumer-sentiment #economy #inflation

business15 days ago•1 min saved

Behind the Brattle: a Boston bookseller surviving on a $760 weekly wage

Globe profiles Rory Pryor, a 29-year-old bookseller at downtown Boston’s Brattle Book Shop, illustrating how their approximate $760 weekly pay is managed in a city with a high cost of living; Pryor began part-time while at Emerson College and has worked full-time there since 2019.

via The Boston Globe|

#bookseller #boston #brattle-book-shop

economy16 days ago•5 min saved

New York City's Wage Gap Grows Even as Business Costs Remain High

A 2025 report from the state comptroller shows a widening wage divide in NYC: top earners in securities, finance, and information far outpace median pay, while retail and hospitality stay low; private-sector wages rose 6.5% since 2015, yet high costs for workspace and utilities keep business expensive. The data also indicate most firms are small (about 90% with fewer than 20 employees), NYC electricity costs are the highest in the state, and overall wage growth lags national trends, underscoring policy debates on taxes, regulation, and infrastructure.

via Gothamist|

#business-costs #comptroller #economy

economy18 days ago•3 min saved

Construction wages sprint ahead as broader pay gains stall

Construction is driving the strongest wage gains in 2026 as workers switching into the trades see pay jumps around 12.9% and a median starting pay near $59k, far above the typical $43k for other industries. The gap reflects intense demand from large projects (chip plants, AI data centers), retirements thinning the experienced workforce, and a broader slowdown in wage growth elsewhere, signaling an uneven job market where pay fluctuates sharply by industry.

via USA Today|

#construction #economy #job-market

economy18 days ago•2 min saved

July 2026 Jobs Slide Keeps Fed Hikes in Play

US July nonfarm payrolls fell 23,000 as unemployment eased to 4.1% and the labor-force participation rate slipped to 61.4% (the lowest in over five years). May and June were revised down, with declines led by local government education (-50k) and retail (-19k); healthcare added 22k. Average hourly earnings rose just 2 cents to 3.2% year-over-year. With policymakers split on rate moves, futures imply mixed odds for a September hike while markets rose on the prospect of slower inflation, and yields fell.

via cnbc.com|

#economy #fed-policy #jobs

business1 month 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

economy1 month 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

world2 months 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

business2 months 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

business2 months 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

economy2 months 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

economy3 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

business3 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

entertainment3 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

business4 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