You Searched For "wage growth" and got 20 results
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3 mins read
Wages have outpaced inflation since 2020 but many consumers still feel burdened by prices
On average, wages have outpaced inflation since the pandemic, but even with those gains, plenty of …
John Towfighi
2 mins read
Russia's war-driven economic growth is a mirage, and more sanctions are needed to keep pressure on, European finance ministers say
"When taking a closer look at the signals, it becomes clear that everything is not as rosy with the…
Filip De Mott
3 mins read
California put up its fast-food wage to $20. Its governor is adamant it's not causing employment to fall.
Critics of the legislation warned that the higher wages could lead to restaurants laying off some o…
Grace Dean
4 mins read
A shortage of young men in the workforce could weigh on housing, Social Security, and growth for years to come
Around 7.2 million men have dropped out of the workforce. That has a host of consequences that coul…
Jennifer Sor
2 mins read
Russia's business elites signal they are tired of propping up the wartime economy
Russia's key interest rate already stands at 16% and analysts polled by Reuters expect the central …
Huileng Tan
2 mins read
The US economy grew way faster than expected this spring
US real GDP blew past expectations in this year's second quarter. It rose 2.8% compared with a fore…
Madison Hoff
2 mins read
Why immigration is boosting the US economy, according to Nobel economist Paul Krugman
Immigration could help the economy grow another $7 trillion over the next decade, the CBO estimated.
Jennifer Sor
2 mins read
The Fed is only going to cut rates once in 2024 as shelter inflation is too high and the job market is hot, Vanguard says
The Fed is most likely cutting rates once in September, Vanguard predicted. Markets are still antic…
Jennifer Sor
2 mins read
Chinese consumers aren't buying enough stuff, and it's taking a toll on the economy
Beijing framed China's second-half growth positively but acknowledged "insufficient" domestic deman…
Huileng Tan
3 mins read
Job growth surged far more than expected in March
The US economy added way more jobs than expected in March, with 303,000 jobs added. The unemploymen…
Madison Hoff
7 mins read
America is on the brink of an unemployment fiasco
The number of unemployed Americans keeps rising. To keep the US job market from getting worse, the …
Neil Dutta
4 mins read
The latest trick companies could be using to pay workers less
Fewer job postings are including experience and education requirements. It could be helping some co…
Jacob Zinkula
3 mins read
AI, immigration, and rich people will save the US economy from a recession, Wall Street strategist says
"A restrictive Fed won't stop the music this time around because the economy's moving to a new rhyt…
Matthew Fox
2 mins read
The 'coveted soft landing' is here, Biden's top labor official says — and it could set Americans up for an interest rate cut in September
The jobs market is moderating, but Americans are not facing a recession. It's a signal the Fed migh…
Ayelet Sheffey,Juliana Kaplan
3 mins read
Why no one is getting big raises anymore
The Atlanta Fed's Wage Growth Tracker and a new analysis of Bank of America data show pay raises fo…
Madison Hoff
3 mins read
The US economy added more jobs than expected last month as unemployment surprisingly rose
The economy added 206,000 jobs in June, above the forecast. The US unemployment rate is unexpectedl…
Madison Hoff
2 mins read
Russia is looking to rein in the country's property boom as it tries to cool an overheating economy
Russia's government has shelled out about half a trillion rubles since 2020 to fund a program that …
Jennifer Sor
3 mins read
The most immediate threat to China's economy isn't external. It's internal.
On Monday, Beijing released new data that underscores the scale of China's domestic consumption pro…
Huileng Tan
2 mins read
Trump's trade and immigration policies are an 'elixir for stagflation' that could tip the US into recession, JPMorgan strategy chief says
A Trump election victory could trigger a policy shock to the economy, as his immigration and tariff…
Filip De Mott
3 mins read
Here's how inflation has ratcheted up the cost of basics like housing and food for families across the US
Daily essentials are inflating faster than broad inflation indexes, as the ALICE Essentials Index i…