The Federal Reserve raised interest rates by a quarter-percentage point as part of its ongoing effort to fight inflation. Price hikes have begun to ease, but the Fed says inflation is not yet tamed.
Hiring slowed modestly in October, as employers added 261,000 jobs. That might take some of the upward pressure off inflation.
In 22 of 250 metro areas, women under the age of 30 earn as much or more than their male counterparts, a Pew Research Center report found.
U.S. employers added 431,000 jobs in March, as the unemployment rate fell to 3.6% from 3.8% in February. The tight job market is putting upward pressure on both wages and prices.
U.S. employers added 467,000 jobs last month despite a surge of coronavirus infections. The unemployment rose to 4% from 3.9% in December.
Businesses across the country, from restaurants to retail, must decide when, not if, to raises prices and by how much.
Guilford County government employees will soon get a boost in pay.
The increases will take effect this year.
Nurses at Kaiser Permanente and cereal workers at Kellogg are among those protesting their companies' proposals for a two-tier wage system under which new hires would earn less for the same work.
The U.S. retail industry is setting records: workers quitting and workers hired. Wages are finally growing. And despite the pandemic devastation, brand-new stores are still opening.