Tag
Reports from companies and job search sites indicate that employers are lowering the pay they offer for newly posted jobs.
Wages are rising faster than prices. So on average, people’s purchasing power is increasing.
Wages are falling fastest at the bottom of the income distribution.
The Job Openings and Labor Turnover report for April showed that the quits rate has dropped back to average levels in 2019.
Here’s what that could mean for the labor market — and inflation.
As wage growth slows, workers consider job-hopping to boost their pay; but when offered a new job, only 3-in-10 try to negotiate for a better deal.
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.
A tight labor market has helped low-income workers raise their wages, according to a new working paper.
Economists say 3.5% wage growth is about right when you take inflation and productivity growth into account — but we’re not there yet.
Wages increased 1% in Q4. Inflation is also slowing. All that could impact whether — and by how much — the Fed hikes interest rates.