All articles tagged with #wages
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.
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.
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.
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.
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.
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.
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.
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.
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.
A new analysis catalogs 47 Trump actions in the first year of his second term that the authors say erode workers’ wages, undermine job creation, weaken labor rights, enable employer exploitation, and hobble government’s effectiveness, arguing wage growth has lagged productivity for decades and these policies will worsen the affordability crisis for working families unless reversed. The report highlights moves like cutting minimum pay for federal contractors, rolling back protections for farm and in-home-health workers, and reshaping labor enforcement to favor employers.
The White House releases data claiming inflation is under control (headline and core around 2.4%), with real wages rising and blue-collar workers seeing meaningful gains. Wages are projected to grow ~4% in Trump’s first full year, auto prices are falling, and Bloomber gnotes cooling price growth. The administration credits tariffs, tax cuts, and deregulation for these gains, framing them as a victory over the prior inflation crisis.
Nearly 15,000 nurses at major New York City hospitals walked off the job, demanding minimum staffing ratios, higher pay, and safer working conditions at institutions including NewYork-Presbyterian/Columbia, Montefiore, and Mount Sinai, potentially marking one of the city’s biggest health-care labor battles in years.
The article reports that core inflation has reached its lowest level in nearly five years, with prices for various goods and services falling and wages rising, indicating a strong economic recovery under President Trump, contrary to expectations and previous inflation concerns.
In November, inflation in the US slightly decreased to 2.7%, but rising costs, especially for rent and electricity, continue to strain Americans' finances, with many barely able to cover expenses. Wages are growing but at a slower pace, and concerns about affordability are impacting public opinion on the economy. The Federal Reserve is cautious about further rate cuts to control inflation.
Recent research by Vanguard indicates that jobs highly exposed to AI are actually growing faster than before, with no evidence of widespread job loss or wage decline, contrasting with some alarmist predictions. AI's impact on employment remains limited due to current technological constraints, though future advancements could pose risks to certain professions.