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Wage gains

Even as hourly wages outpace inflation, rising prices take a bite

by Mitchell Hartman
Mar 12, 2024
It’s been harder for lower- and middle-income households to afford higher food, rent and gas prices without getting into debt.
“We see higher wage growth since the recovery. But if people are working less, their total earnings are still less than inflation,” said ADP's Liv Wang.
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Wage growth may be slowing after period of strong gains

by Mitchell Hartman
Aug 28, 2023
Reports from companies and job search sites indicate that employers are lowering the pay they offer for newly posted jobs.
Small businesses aren’t adding jobs as quickly as they did last year, which is translating into weaker wage growth, noted economist Luke Pardue at Gusto.
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Slowing wage increases are good news for the Fed, but bad news for workers

by Mitchell Hartman
Jun 7, 2023
Wages are falling fastest at the bottom of the income distribution.
Both wage growth and the number of job openings are slowing, according to jobsite Indeed.
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Wage increases seem to be slowing after more than a year of strong gains

by Mitchell Hartman
Apr 6, 2023
That's good news for in the fight against inflation, as long as consumers don't cut spending so much that the economy tips into recession.
Lower-wage workers, including those in the service industry, have seen some of the strongest wage gains in recent years.
Brandon Bell/Getty Images
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Consumers seem pretty happy with their own finances. But they're worried about the economy.

by Mitchell Hartman
Feb 10, 2023
Higher interest rates and inflation still spark anxiety. But wages have grown, and some have a greater feeling of financial security.
Despite the burden of inflation, some consumers still feel upbeat about their personal economies.
Luis Robayo/AFP via Getty Images
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Lowest-paid workers will likely feel the pinch of cooling economy first

by Mitchell Hartman
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
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Wages are still growing in many sectors that need that growth

by Lily Jamali
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
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Will wages continue to keep up with inflation?

by Amanda Peacher
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
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COVID & Unemployment

Millions are facing unemployment without savings to fall back on

by Mitchell Hartman
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
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Wage gains have slowed, but some sectors are still hot

by Mitchell Hartman
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
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