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End to some pandemic-era child care subsidies could make hiring harder

Nov 6, 2023
Many child care providers used the funds to pay their staff. Now that the money is gone, it could affect providers’ ability to recruit and retain workers.
More than $37 billion in pandemic relief funds were awarded to hundreds of thousands of child care providers across the nation.
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Wage growth cools in October

Nov 3, 2023
Average hourly earnings rose 4.1% year-over-year in October; the rate peaked near 6% in March 2022. The slowdown in wage growth is helping the Fed wrestle inflation lower.
The rate of average hourly earnings growth slowed in October, which is exactly what the Fed hopes might further cool inflation.
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September's real wages are expected to rise

Oct 9, 2023
And that would mean your paycheck's purchasing power would be getting a boost relative to inflation.
Rising real wages means consumers are "making up for the consumption power that they lost when prices were rising faster than wages," says Erica Groshen, former Bureau of Labor Statistics commissioner.
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Businesses are telling the Federal Reserve they think wage gains are subsiding

Sep 8, 2023
That could be a sign that the Fed's interest rate hikes are working and the economy is cooling.
Though wage growth has been falling, inflation has been falling even faster.
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How the Biden administration's overtime proposal could play out

Aug 31, 2023
The proposal would most likely affect low-to-middle income earners in supervisory roles.
The new overtime rule will primarily affect low to middle-income salaried workers, especially those in supervisory roles.
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Even as real wages rebound, low-income households are playing catch-up

Aug 22, 2023
Average hourly earnings are now rising faster than prices. But two years of high inflation have left many low-income people in a financial hole.
Inflation can take a heavier toll on low-income workers because a large proportion of their pay goes toward necessities like food.
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Why it's getting more expensive to hire workers in China

Aug 9, 2023
China’s government is making employers pay more into its social welfare system, just as the economy is stalling.
Employees work on a speaker assembly line in Fuyang in China's eastern Anhui province. It's been getting costlier for employers in China to hire workers.
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Inflation moderates in manufacturing and job market

Aug 2, 2023
As supply chains normalize and labor demand slackens, prices and wages are cooling off.
The easing of inflation is especially visible in vehicle production, said Garrett Nelson at CFRA.
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Wages have started to outpace inflation. But let's not get too excited.

Jul 12, 2023
Wage growth beat inflation in May and June for the first time since March 2021. But economists say two months do not a trend make.
In an ideal world, "economists think that workers should get an increase each year in their pay of around 2% to keep pace with inflation, and an additional 1 to 1.5% to keep pace with productivity growth," says Julia Pollak, chief economist at ZipRecruiter.
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Minimum wage gets a mini increase in some states

Jul 7, 2023
The federal minimum wage has been the same since 2009: $7.25 an hour.
Wage increases, even small ones, can be very impactful for low wage workers dealing with inflation.
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