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Lowest-paid workers will likely feel the pinch of cooling economy first

Jun 23, 2022
Those same workers have seen their wages grow faster than the overall average in the last year thanks to the labor shortage.
Workers in low-paid environments, like restaurants and bars, saw some of the biggest wage gains during the pandemic.
Scott Heins/Getty Images

Wages are still growing in many sectors that need that growth

Jun 3, 2022
That may be a sign that the overheated job market is cooling down.
Wages went up in leisure and hospitality — just in time for summer.
Mark Makela/Getty Images

Will wages continue to keep up with inflation?

Dec 15, 2021
Workers' incomes may see further gains as the ongoing labor shortage pushes employers to offer higher pay.
Experts don't expect wage growth to stall given how many workers remain on the sidelines while companies have jobs to fill.
Robyn Beck/AFP via Getty Images

Millions are facing unemployment without savings to fall back on

Apr 2, 2020
The median U.S. household has just a couple of weeks worth of savings to tap into in a crisis.
Some economists believe the unemployment rate could hit 30% before long.
Angela Weiss/AFP via Getty Images

Wage gains have slowed, but some sectors are still hot

Oct 31, 2019
The Labor Department's October jobs report is expected to show a sharp slowing in job creation in a still-tight labor market.
Construction is one of the industries that has seen wages increase.
Julian Herbert/Getty Images