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Stories Tagged as

Wages

Wage growth still exceeds inflation

by Mitchell Hartman
Nov 28, 2024
Wage growth for the last several months continued to exceed inflation, though there are some signs of cooling.
Wages have been outpacing inflation, but there are signs that may not last.
Mario Tama/Getty Images
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Is long-haul trucking really facing a driver shortage?

by David Brancaccio , Chris Farrell and Alex Schroeder
Nov 20, 2024
A new government-directed study casts doubt on the long-held idea that trucking is facing a labor shortage.
Based on average wages from 2006 to 2024, experts found long-distance truckers have been making less than their peers working in residential construction.
Chip Somodevilla/Getty Images
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Wage growth continues to outpace inflation

by Mitchell Hartman
Nov 13, 2024
Price growth has moderated. Wage growth hasn't, for the most part.
In October, average hourly earnings rose 4% from the year before. Which means Americans had over 1% more disposable income to spend.
Scott Olson/Getty Images
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What is the employment cost index and what does it tell us about the economy?

by Justin Ho
Oct 31, 2024
The Labor Department's quarterly employment cost index basically tells us how much employers are paying their employees.
The employment cost index basically tells us how much employers are paying their employees.
Mario Tama/Getty Images
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The Fed's about to get its preferred measure of inflation. Here's what it could mean.

by Stephanie Hughes
Oct 30, 2024
The PCE index could come in at the central bank's much-vaunted target of 2% inflation.
The PCE may have dipped to or close to the Federal Reserve's 2% inflation goal, thanks in part to falling gas prices.
Brandon Bell/Getty Images
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Inflation is falling, but consumers aren't celebrating yet

by Mitchell Hartman
Oct 10, 2024
The September CPI showed inflation slowing to 2.4% annually, but consumer sentiment hasn't yet rebounded to pre-pandemic levels.
People are still feeling down about the persistence of high prices.
Joe Raedle/Getty Images
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The economics behind a new program protecting undocumented family members of U.S. citizens

by Elizabeth Trovall
Aug 21, 2024
Work permits can increase wages, workforce participation and job potential for undocumented immigrants.
Having immigration status tends to increase the wages of undocumented workers, according to the Dallas Fed's Pia Orrenius.
Drew Angerer/Getty Images
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Why the so-called “left behind” bloc might be doing better than you think

by David Brancaccio , Nic Perez and Alex Schroeder
Aug 13, 2024
The Economist digs into data regarding those who lost their jobs in manufacturing.
Above, the Gautier Steel Mill in Johnstown, Pennsylvania, in September 2016. "The traditional Rust Belt states ... actually have had lower unemployment rates than the national average," said The Economist's Zanny Minton-Beddoes.
Dominik Reuter/AFP via Getty Images
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Swing County, Swing State

How the consumers of Kent County, Michigan feel about the economy

by Nancy Marshall-Genzer
Aug 6, 2024
The regional economy isn't in bad shape, but many folks say it's hard to get by.
Adreanah Neely says it's hard to find a job right now in Kent County.
Nancy Marshall-Genzer/Marketplace
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McDonald's sales slipped. That may mean lower-income consumers feel pinched.

by Stephanie Hughes
Jul 29, 2024
Reporting quarterly results, the fast-food company said customers "continue to be more intentional with the dollars they spend."
McDonald's weak results are prompting varied interpretations. Maybe consumers are tightening their budgets, or maybe they're moving higher up the food chain.
Mario Tama/Getty Images
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