wages

With wages stagnant and prices still rising, will the Fed hike rates at the end of the month?

The latest jobs report shows that, as inflation has risen during the Iran War, wage growth has continued to slide. Wages are now growing at the slowest pace in more than five years.

A new report from the Federal Reserve Bank of Cleveland shows a rise in employers who are underpaying their workers, particularly at businesses like hotels, restaurants and grocery stores.

ADP Research’s July private payroll report showed that people who switch jobs saw a 7% increase in pay.

Even with the latest decline in inflation, real earnings have stagnated over the past year.

Productivity growth allows companies to pull in more profits, which can allow them to raise wages. But recently, wage growth has slowed — even as productivity has stayed strong.

The president provided false or misleading claims on inflation, tax cuts, prescription drug prices, and more.

Based on this week’s jobs report, growth in average hourly earnings slowed to 3.5%, while price inflation is heating up.

According to the U.S. Census Bureau, median wages for men increased 3.7%, but pay for women didn’t budge in 2024.

Workers earning the least saw their wages grow more than 15%, even when adjusted for inflation, according to a report from the Economic Policy Institute.