Why auto workers are asking for a 46% pay raise
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.
Wages
The case for a soft landing in the economy just got another boost
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.
The job market is cooling but still surprisingly strong. Is that a good thing?
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.
In a surprise, the job market grew strongly in April despite high interest rates
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%.
The job market is cooling as higher interest rates and a slowing economy take a toll
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.
The job market slowed last month, but it's still too hot to ease inflation fears
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.
The Home Depot says it is spending $1 billion to raise its starting wage to $15
The first changes were reflected in employees' Feb. 17 paycheck, the company announced Tuesday. Ohers will see the changes on their Feb. 24 paychecks.
The Fed raises interest rates by only a quarter-point after inflation drops
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.
U.S. hiring cooled slightly in October. That could help to ease inflation
Hiring slowed modestly in October, as employers added 261,000 jobs. That might take some of the upward pressure off inflation.
