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Higher productivity could drive up wages, temper inflation and aid the energy transition, the McKinsey Global Institute finds.
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.