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Labor costs are still going up, but the rate is going down

Feb 1, 2024
Bureau of Labor Statistics data shows that 2023 saw a pullback in labor cost growth. That may keep the downtrend in inflation going.
The pace of wage growth pulled back last year, which could constrain price increases across the economy in 2024.
Joe Raedle/Getty Images

Teens have "kept the economy going," and their workforce numbers show it

"About 37% of teens worked last year," says Abha Bhattarai of The Washington Post. "These teens are really excited," employers tell her.
Teen employment reached a 14-year high in 2023, according to the Labor Department.
Patrick T. Fallon/AFP via Getty Images

For workers, a brighter picture on wages

Sep 3, 2021
Competition for workers has been driving up wages recently, but rising prices are taking more out of their paychecks.
Activists take part in a protest outside of the Old Ebbitt Grill to call for a full minimum wage with tips for restaurant workers in Washington, D.C. on May 26, 2021.
MANDEL NGAN/AFP via Getty Images

Is the labor shortage a crisis or an adjustment?

Jun 1, 2021
According to new data, there are now 1.4 workers for each open job. Normally, that ratio is closer to 2.8 workers per vacant position.
Many industries are raising wages and offering bonuses to lure applicants. But will it work?
Spencer Platt/Getty Images

Workers see sluggish wage gains with fewer hours on the job

Feb 7, 2020
Average weekly earnings give a snapshot of how much workers are taking home in their paychecks.
Joe Raedle/Newsmakers

What does "tight labor market" mean? Opportunity!

May 3, 2019
Workers' bargaining power is greater.

New overtime proposal raises salary threshold to $35,000

Mar 25, 2019
Three years after a similar, failed Obama administration proposal, the Department of Labor has issued a new proposal that would allow most employees making $35,000 or less to qualify for overtime pay. This time, the proposal is not tied to inflation — something that employers might welcome. 
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For public good, not for profit.

What happens when a company like Amazon raises wages everywhere?

Oct 2, 2018
It puts some pressure on firms that might not be ready to raise workers' pay, one economist says.
A worker packs cat food at the Amazon fulfillment center in May in Aurora, Colorado.
Rick T. Wilking/Getty Images

Amazon ups wages for 350K, says it will advocate better pay

Oct 2, 2018
Employees at Whole Foods, which Amazon now owns, will get the same pay hike. Amazon's hourly operations and customer service employees, some who already make $15 per hour, will also see a wage increase.
Amazon CEO Jeff Bezos at a press conference in Santa Monica, California.
David McNew/Getty Images

Enforcing minimum wage is harder than you think

Feb 23, 2018
Victims of wage theft have few options, a Politico investigative reporter says.
Workers celebrate outside the Ronald Reagan State Building in downtown Los Angeles on April 4, 2016, after California Gov. Jerry Brown signed a bill that will raise the state's minimum wage to $15 an hour by 2022.