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Wage gains

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Wage growth is outpacing inflation. High productivity is the key to sustaining that.

by Justin Ho
Oct 31, 2024
There's good reason to believe productivity will stay strong. When the labor market was tight, employers invested in upgrades.
U.S. workers have been more productive, and they've reaped a share of the economic gains.
The Washington Post/Getty Images
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Wage growth is slowing, but it's still staying ahead of inflation

by Caleigh Wells
Oct 30, 2024
The job market is still tilted in workers' favor.
It's still a worker's job market, says Nicole Smith with Georgetown's Center on Education and the Workforce. That's because job openings outnumber people looking for work.
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Small businesses see wage pressure easing

by Justin Ho
May 1, 2024
While the labor market is still tight, some owners aren’t feeling like they need to hike pay as much as they did earlier in the pandemic.
According to the Labor Department, wage gains have been slowing for the past two years.
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Even as hourly wages outpace inflation, rising prices take a bite

by Mitchell Hartman
Mar 12, 2024
It’s been harder for lower- and middle-income households to afford higher food, rent and gas prices without getting into debt.
“We see higher wage growth since the recovery. But if people are working less, their total earnings are still less than inflation,” said ADP's Liv Wang.
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Wage growth may be slowing after period of strong gains

by Mitchell Hartman
Aug 28, 2023
Reports from companies and job search sites indicate that employers are lowering the pay they offer for newly posted jobs.
Small businesses aren’t adding jobs as quickly as they did last year, which is translating into weaker wage growth, noted economist Luke Pardue at Gusto.
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Slowing wage increases are good news for the Fed, but bad news for workers

by Mitchell Hartman
Jun 7, 2023
Wages are falling fastest at the bottom of the income distribution.
Both wage growth and the number of job openings are slowing, according to jobsite Indeed.
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Wage increases seem to be slowing after more than a year of strong gains

by Mitchell Hartman
Apr 6, 2023
That's good news for in the fight against inflation, as long as consumers don't cut spending so much that the economy tips into recession.
Lower-wage workers, including those in the service industry, have seen some of the strongest wage gains in recent years.
Brandon Bell/Getty Images
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Consumers seem pretty happy with their own finances. But they're worried about the economy.

by Mitchell Hartman
Feb 10, 2023
Higher interest rates and inflation still spark anxiety. But wages have grown, and some have a greater feeling of financial security.
Despite the burden of inflation, some consumers still feel upbeat about their personal economies.
Luis Robayo/AFP via Getty Images
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Lowest-paid workers will likely feel the pinch of cooling economy first

by Mitchell Hartman
Jun 23, 2022
Those same workers have seen their wages grow faster than the overall average in the last year thanks to the labor shortage.
Workers in low-paid environments, like restaurants and bars, saw some of the biggest wage gains during the pandemic.
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Wages are still growing in many sectors that need that growth

by Lily Jamali
Jun 3, 2022
That may be a sign that the overheated job market is cooling down.
Wages went up in leisure and hospitality — just in time for summer.
Mark Makela/Getty Images
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