WASHINGTON — Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit for workers but a trend that also represents a risk to the Federal Reserve 's fight against inflation.
Fed officials consider the ECI one of the most important measures of wages and benefits because it measures how pay changes for the same mix of jobs, rather than average hourly pay, which can be pushed higher by widespread layoffs among lower-income workers, for example.While higher pay is good for workers, it can also fuel inflation if companies choose to pass on the higher labor costs in the form of higher prices.
Wages Benefits Inflation Federal Reserve Compensation Purchasing Power Pay Increases
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Air Canada Pilots Demand Better Working Conditions and Higher WagesAir Canada pilots gather for an informational picket, expressing concerns about job security, aviation safety, wage disparity, and career growth. They call for a stable aviation network and appropriate compensation. More pickets planned in Montreal.
Source: CBCCalgary - 🏆 78. / 51 Read more »
UAW's record deal could boost others' wages as labor notches another victoryThe tentative agreement reached between the United Auto Workers and two of the Detroit Three automakers marks another victory for labor unions that have...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
UAW's record deal could boost others' wages as labor notches another victoryExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Ford deal nets union big win on wages, conditionsFord deal nets union big win on wages, conditions
Source: globeandmail - 🏆 5. / 92 Read more »
Autoworker Strikes in America: A Fight for Higher WagesThe strikes by autoworkers in America have significant importance for the Black middle class, as these jobs have been a pillar of their economic stability. The recent tentative contract agreements with Ford, Stellantis, and General Motors offer a substantial wage increase, which could benefit countless Black families.
Source: SooToday - 🏆 8. / 85 Read more »
Paying more attention to the health and social benefits of libraries is overdueA new report says investment in libraries, an under-appreciated part of our social infrastructure, is key to post-pandemic recovery
Source: globeandmail - 🏆 5. / 92 Read more »