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Consumer debt levels have been rising. While wage gains have helped people pay off debt, those gains have been slowing down.
Wages increased 1% in Q4. Inflation is also slowing. All that could impact whether — and by how much — the Fed hikes interest rates.
A majority still think the country is headed for a recession. But the majority’s shrinking.
The average paycheck lagged behind inflation in 2022, and the higher prices are hitting low-wage workers the hardest.
Earnings have been rising quickly, but the cooler data may restrain the Federal Reserve’s rate-hike campaign.
Private-sector wages are up about 5% over the past year. But gains guaranteed by government can’t be lost during an economic downturn.
Wages were 5.1% higher this November than last, and the unemployment rate stayed steady at 3.7%.
Some 48,000 teaching assistants, tutors and researchers in the U of C system want higher pay and benefits that offset California’s high cost of living. How did things get this way?
Some research suggests the “scarring” experienced by young workers during a recession has a silver lining: happiness later in life.
The central bank watches for signs of wage inflation because it can drive price inflation.