Wages

How D.C. tackled a child care crunch through a tax hike on the rich

5:00am December 13, 2024

In Washington, D.C., a tax on residents earning more than $250,000 a year is boosting the wages of child care workers. Two years in, it's proving to be a great investment.

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Bank Of America Branch Manhattan Jan 2024

Bank of America raises minimum hourly pay to $24, as tellers flee the industry

6:00am September 10, 2024

Bank of America will pay hourly workers at least $24 per hour — a big jump from early 2019, when it paid $15 per hour. It has launched a series of pay raises as the industry struggles to fill bank teller jobs.

A construction worker is seen in Miami on Jan. 5, 2024. U.S. employers added more jobs than expected in January including in the construction sector.

Economy

The U.S. created an extraordinary number of jobs in January. Here's a deeper look

4:27pm February 02, 2024

by Scott Horsley

U.S. employers added 353,000 jobs in January — far more than forecasters expected. The sizzling job market is good for workers but could cause the Federal Reserve to postpone a cut in interest rates.

A photo of a construction worker seeking shelter from the sun.

U.S. Department of Labor searches for North Carolinians owed $2.5 million in unclaimed money

4:05pm December 14, 2023

by DJ Simmons

The U.S. Department of Labor is searching for more than 3,000 North Carolinians, including 51 in Winston-Salem and 40 in Greensboro, who are owed recovered wages.

United Auto Workers members march while holding signs at a union rally held near a Stellantis factory Wednesday, Aug. 23, 2023, in Detroit.

Economy

Why auto workers are asking for a 46% pay raise

11:10am September 07, 2023

by Danielle Kaye

Bold union demands, bolstered by a tight labor market and frustration throughout the COVID-19 pandemic, are paying off in some sectors with significant raises for workers.

The latest employment data for July is bolstering hopes about the economy after employers continued to add jobs at a solid clip.

The case for a soft landing in the economy just got another boost

4:42pm August 04, 2023

by Scott Horsley

U.S. employers added 187,000 jobs in July, a slower but still solid pace of growth, suggesting the Federal Reserve may be able to curb inflation without triggering a recession.

A 'Now Hiring' sign is displayed outside a check cashing shop in Los Angeles on June 2, 2023. Employers added 209,000 jobs last month, slowing down from previous months but still marking respectable growth.

The job market is cooling but still surprisingly strong. Is that a good thing?

4:23pm July 07, 2023

by Scott Horsley

U.S. employers added 209,000 jobs in June. That's a solid number, but fewer than the month before. Here are the 5 things we took away from the report.

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A customer walks by a "now hiring" sign posted in front of a store in Novato, Calif., on April 7, 2023.

Economy

In a surprise, the job market grew strongly in April despite high interest rates

10:54am May 05, 2023

by Scott Horsley

The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%.

A call for employment sign is displayed at a Taco Bell in Austin, Texas, on March 10, 2023. The labor market is slowing as higher interest rates start to filter through the economy.

Economy

The job market is cooling as higher interest rates and a slowing economy take a toll

11:14am April 07, 2023

by Scott Horsley

U.S. employers added 236,000 jobs in March as hiring slowed from the previous month. Unemployment dipped to 3.5%, from 3.6% in February.

A "Help Wanted" sign is posted at a restaurant in Los Angeles on Feb. 2, 2023. U.S. employers added 311,000 jobs last month, a number that indicates the labor market remains fairly hot.

Economy

The job market slowed last month, but it's still too hot to ease inflation fears

12:00pm March 10, 2023

by Scott Horsley

U.S. employers added 311,000 jobs in February, only a modest slowdown from the previous month, indicating the labor market remains hot. The unemployment rate rose to 3.6% from 3.4% in January.

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