Output was up sharply in the second quarter, with the rise in goods produced far exceeding the increase in hours worked.
Category: Wages and Salaries
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Michigan Supreme Court Ruling to Raise Minimum Wage in the State
The ruling, raising the minimum wage and phasing out a lower wage for tipped workers, said legislators had acted improperly in dodging a referendum.
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Is the Labor Market About to Crack? It’s the Key Question for the Fed.
Central bankers are paying more attention to the strength of the job market as inflation cools. But it’s a tough time to gauge its resilience.
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Japan Wanted Higher Inflation. It’s Here, and It Hurts.
Japan’s economy is faltering after a rise in prices led consumers to cut back on spending.
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Dancers Drop Threat to Strike During Paris Olympics Opening Ceremony
Organizers avoided disruption by agreeing to give performers on temporary contracts a greater cut of broadcast royalties.
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U.K. Inflation Steady as Economists Puzzle Over ‘Taylor Swift Effects’
Consumer prices rose 2 percent in June from a year earlier, a bit higher than economists expected, with a big jump in hotel prices coinciding with a blockbuster series of concerts.
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U.K. Inflation Steady as Interest Rate Cuts Hang in the Balance
Consumer prices rose 2 percent in June from a year earlier, in line with the Bank of England’s target for the second month in a row.
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I.R.S. Crackdown on Delinquent Millionaires Yields $1 Billion
The beefed-up enforcement is part of the agency’s modernization initiative aimed at improving customer service and catching wealthy tax evaders.
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Fed Chair Powell Welcomes Cooling Inflation
Jerome H. Powell, the chair of the Federal Reserve, delivered optimistic remarks to Senators as inflation and the job market slow gently.