Pay gains picked up last month, the opposite of what Federal Reserve officials are hoping for as they try to cool inflation.
Category: Wages and Salaries
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Powell Bets the Fed Can Slow Inflation Despite Recession Fears
Jerome H. Powell, the Federal Reserve chair, thinks his central bank can defy history to clinch slower inflation and a soft economic landing.
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Wages and Prices Slow Unevenly, Reflecting ‘Rocky and Bumpy’ Economy
Key pay and inflation gauges have stayed stubbornly high as Federal Reserve officials consider when to stop raising interest rates.
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Wages Continue to Grow, Good for Workers but a Worry for the Fed
Wages and salaries for workers rose 5.1 percent from a year earlier, which helps employees keep up with the rising cost of living but complicates the Federal Reserve’s efforts to tamp down inflation.
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Wages and Prices Could Show a Cool-Down Before a Fed Meeting
Key wage and inflation gauges released on Friday are expected to moderate, which may give Federal Reserve officials comfort as they consider when to stop raising rates.
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Central Banker to Britons: You’re Worse Off. Accept It.
The comment, from the Bank of England’s chief economist, was offered as a way to curb inflation. But the message has fallen flat.
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A Grim Anniversary for Survivors of the Rana Plaza Disaster
It was the deadliest accident in the history of the garment industry. Ten years later, has anything changed for factory workers?
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Saving for a Down Payment and Retirement: What to Know
With mortgage rates and prices high, first-time home buyers find these competing goals aren’t always doable, at least at the same time. Here are points to consider.
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Unemployment Is Low. Inflation Is Falling. But What Comes Next?
Despite hopeful signs, economists worry that a recession is on the way or that the Federal Reserve will cause one in trying to rein in inflation.
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When Your Boss Is an App
Gig work has been silently taking over new industries, but not in the way many expected.
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How Janelle Jones’s Story About Black Women and the Economy Caught On
The first Black woman to serve as chief economist at the Labor Department advanced the idea that lifting up people on the margins helps everyone else, too.