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Tag: Wage growth

A sign advertising for new employees with an updated starting salary of USD $16.75 per hour is seen in the window of a Target store in Hollywood, California on November 9, 2021. - Even as millions of Americans who lost their jobs to the Covid-19 pandemic have returned to work, companies nationwide report they're still struggling to hire employees in recent months. More than 10 million jobs were unfilled as of the end of August, according to government data. (Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images)

19 states increase minimum wages on New Year’s Day

Minimum wage workers across 19 states will see their hourly compensation increase in early 2026, with more states to follow later in the year.

Read More 19 states increase minimum wages on New Year’s Day
WASHINGTON, DC - AUGUST 05: Joseph Lavorgna, Chief Economist of the National Economic Council (NEC), speaks to reporters outside of the West Wing of the White House on August 5, 2020 in Washington, DC. (Photo by Drew Angerer/Getty Images)

One Big Beautiful Bill helps to increase investment by businesses on equipment and CapEx

Equipment and capital expenditures (CapEx) surged 11% in the second quarter of this year following a 23% spike in quarter one.

Read More One Big Beautiful Bill helps to increase investment by businesses on equipment and CapEx
An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. REUTERS/Elizabeth Frantz/ File Photo

US private payrolls post smallest gain in seven months

The ADP National Employment Report on Wednesday also showed a moderation in wage growth for workers changing jobs.

Read More US private payrolls post smallest gain in seven months
The Federal Reserve building in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts//File Photo

Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll

The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024.

Read More Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo

Fed getting ‘closer’ to rate cuts, top officials say

Fed Governor Christopher Waller and New York Fed President John Williams both voiced that description of the shortening horizon toward looser monetary policy.

Read More Fed getting ‘closer’ to rate cuts, top officials say
NEW YORK, NEW YORK - JULY 28: A "help wanted" sign is displayed in a window in Manhattan on July 28, 2022 in New York City. The Commerce Department said on Thursday that the nation's Gross Domestic Product (GDP) fell 0.2 percent in the second quarter. With two GDP declines in a row, many economists fear that the United States could be entering a recession. (Photo by Spencer Platt/Getty Images

US job growth slows moderately; unemployment rate rises to 4.1%

The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.

Read More US job growth slows moderately; unemployment rate rises to 4.1%

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A photo taken 08 October 2004 in Oslo shows the Nobel Peace Prize medal. (Photo by Gunnar Lier / NTB / AFP) (Photo by GUNNAR LIER/NTB/AFP via Getty Images)
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