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Wage growth

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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.
Michael M. Santiago/Getty Images
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Productivity growth beats forecasts in second quarter

by Elizabeth Trovall
Aug 1, 2024
Real wages also grew. To some extent, productivity growth offsets the inflationary effect of pay gains.
Because productivity grew alongside wages, economists aren't concerned about a wage-price spiral.
Frederic J. Brown/AFP via Getty Images
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A closer look at wage measures hints at why consumers still feel gloomy

by Meghan McCarty Carino
Jul 4, 2024
Average wage growth has slowed in recent months, though according to the May jobs report, it’s still ahead of inflation.
"While wages have grown across the board, we've actually had the strongest wage growth among the lowest earners," says Valerie Wilson at the Economic Policy Institute.
Joe Raedle/Getty Images
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Will the May jobs report show more of a slowdown in wage growth?

by Mitchell Hartman
Jun 6, 2024
Wages were running hot two years ago, rising about 6% annually. Things have cooled since then, with April average wages up just under 4%.
Economists expect continued moderation in wages.
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Signs point to a labor market that's cooling, but not cold

by Mitchell Hartman
Mar 6, 2024
Private employers added 140,000 jobs in February and January’s job openings didn’t budge — though they were down from mid-2023.
In December and January, the economy added nearly 700,000 new jobs.
Brandon Bell/Getty Images
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Corporate profits have been trending down. That's what the Federal Reserve wants to see.

by Justin Ho
Nov 28, 2023
It means interest rate hikes are having the intended effect. Tapering consumer demand and high labor costs are weighing on earnings.
Corporate profits are feeling the effects of high interest rates and labor costs as well as weaker consumer demand.
Ludovic Marin/AFP via Getty Images
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Is slowing wage growth good news for inflation?

by Henry Epp
Oct 31, 2023
But recent union victories may keep upward pressure on wages.
The Federal Reserve wants wage growth to slow because if employers spend more on labor, they'll likely try to make up that profit by raising prices.
Alex Wong/Getty Images
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September's real wages are expected to rise

by Mitchell Hartman
Oct 9, 2023
And that would mean your paycheck's purchasing power would be getting a boost relative to inflation.
Rising real wages means consumers are "making up for the consumption power that they lost when prices were rising faster than wages," says Erica Groshen, former Bureau of Labor Statistics commissioner.
Justin Sullivan/Getty Images
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The job market might finally be returning to "normal," economists say

by Mitchell Hartman
Oct 5, 2023
Experts are predicting a slight decrease in wage growth, a drop that get us closer to pre-pandemic rates.
New September job market data comes out Friday, and economists expect we'll see a little less payroll growth than in August.
Andrew Caballero-Reynolds/AFP via Getty Images
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