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Wages

Why the so-called “left behind” bloc might be doing better than you think

by David Brancaccio , Nic Perez and Alex Schroeder
Aug 13, 2024
The Economist digs into data regarding those who lost their jobs in manufacturing.
Above, the Gautier Steel Mill in Johnstown, Pennsylvania, in September 2016. "The traditional Rust Belt states ... actually have had lower unemployment rates than the national average," said The Economist's Zanny Minton-Beddoes.
Dominik Reuter/AFP via Getty Images
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Swing County, Swing State

How the consumers of Kent County, Michigan feel about the economy

by Nancy Marshall-Genzer
Aug 6, 2024
The regional economy isn't in bad shape, but many folks say it's hard to get by.
Adreanah Neely says it's hard to find a job right now in Kent County.
Nancy Marshall-Genzer/Marketplace
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McDonald's sales slipped. That may mean lower-income consumers feel pinched.

by Stephanie Hughes
Jul 29, 2024
Reporting quarterly results, the fast-food company said customers "continue to be more intentional with the dollars they spend."
McDonald's weak results are prompting varied interpretations. Maybe consumers are tightening their budgets, or maybe they're moving higher up the food chain.
Mario Tama/Getty Images
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Continuing unemployment claims hit highest level in more than 2 years

by Daniel Ackerman
Jul 18, 2024
It may be another data point that helps convince the Fed to start cutting interest rates.
designer491/iStock/Getty Images Plus
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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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Economy looms large as United Kingdom heads to polls

by Rob Watson
Jul 3, 2024
Voting in the U.K.'s general election takes place on Thursday, and the economy has been at the center of the campaign.
Peter Nicholls/Getty Images
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Does the federal minimum wage still matter?

by Savannah Peters
Jun 25, 2024
The federal floor is $7.25 an hour — but only around 1% of workers are paid that little. Several states and cities will hike their minimums July 1.
David McNew/Getty Images
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The case for wage insurance to offset future job disruption

by Sabri Ben-Achour , Chris Farrell and Alex Schroeder
Jun 24, 2024
There's already unemployment insurance. But new research makes the case for wage insurance as further protection for workers.
Federico Parra/AFP via Getty Images
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What 100-year-old immigration policy can teach us about the economy

by Sabri Ben-Achour and Alex Schroeder
Jun 21, 2024
Amid new executive actions on immigration, and 100 years since the National Origins Act, we look at how policy has shaped the economy.
Johannes Eisele/AFP via 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.
Kameleon007/Getty Images
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