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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.
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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.
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7 in 10 big firms report wage hikes, survey says. Is it enough to keep up with inflation?

Apr 25, 2022
Some economists in the survey don’t expect their firms to pay workers more in the future.
The NABE survey shows that inflation is outpacing wage growth at big companies. But if prices keep going up, why aren't wages keeping pace?
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The statistic Fed Chair Powell uses to keep an eye out for wage inflation

Jan 26, 2022
The central bank will scrutinize the employment cost index for 2021’s fourth quarter for signs that rising pay could fuel rising prices.
Federal Reserve chief Jerome Powell has turned his efforts toward containing inflation. The employment cost index is one of the economic indicators the Fed examines in setting monetary policy.
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Many states and cities to raise minimum wage in the New Year

Dec 24, 2021
Will employers notice? Many are already raising wages for their workers because of the labor crunch.
Even without jurisdictions raising the minimum wage, some employers are upping pay anyway to remain competitive in a tight labor market. Above, activists rally for a $15 an hour minimum wage.
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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.
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4.2 million people quit their jobs in October

Dec 8, 2021
That was down slightly from September, but still high. Some say watch that figure to know what will happen to the economy in 2022.
According to the latest JOLTS report, the accommodation and food services sector had the largest increase in job openings.
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Good news in the latest jobs report: Wages are up, especially in low-paying sectors

Nov 5, 2021
The not-so-good news? Inflation has eaten up most of the gains.
While lower-wage service workers, like bar and restaurant employees, are seeing some of the highest wage growth, they're also the most vulnerable to cost-of-living increases.
Joe Raedle via Getty Images

Wages keep going up. Will prices do the same?

Jun 18, 2021
It seems both are rising at a rate that will keep inflation in check ... for now.
Jekesai Njikizana/AFP via Getty Images

Consumer forecasts of inflation could be a self-fulfilling prophecy

Jun 14, 2021
A Federal Reserve survey found consumers are expecting inflation to hit 4% next year.
Consumers told the New York Fed they expect a 4% inflation rate next year. Officials with the central bank will meet this week to consider adjustments to their interest rate policy.
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