New Insider Deals are perfect for spring and summerA construction workers cuts wood at a residential building site in Mount Prospect, Ill., Monday, March 18, 2024. On Tuesday, April 30, 2024, the Labor Department reports on wages and benefits for U.S. workers during the first quarter of 2024.
Fed Chair Jerome Powell and other officials have recently backed away from signaling that the Fed will necessarily cut rates this year, after several months of. Big price increases for rents, car insurance and health care have kept inflation stubbornly above the Fed's 2% inflation target.
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Workers' paycheck growth accelerated in the first quarter, a possible concern for the FedPay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve. Compensation as measured by the government’s Employment Cost Index rose 1.2% in the January-March quarter, up from a 0.
Source: AP - 🏆 728. / 51 Read more »
Fed's Williams: Outlook is uncertain, Fed must be data-dependentFederal Reserve (Fed) Bank of New York President John Williams said on Thursday that the Fed must be data-dependent as the outlook remains uncertain, per Reuters.
Source: FXStreetNews - 🏆 14. / 72 Read more »
American workers want record wages to change jobs, NY Fed findsNew data from the New York Federal Reserve found that the reservation wage, which is the lowest wage acceptable for a worker to change jobs, hit a record high in February.
Source: FoxBusiness - 🏆 458. / 53 Read more »
NYC delivery workers see pay raise as minimum wage increasesStarting Monday, the minimum wage for app-based food delivery workers bumps up to $19.56 per hour, before tips.
Source: CBSNewYork - 🏆 268. / 63 Read more »
Small businesses are still hungry to hire, but many workers eye better pay elsewhereJ.J. McCorvey is a business and economy reporter for NBC News.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »
Bernie Sanders Joins Hotel Workers in Los Angeles Picketing for Better Pay and BenefitsU.S. Sen. Bernie Sanders joined hospitality workers in downtown Los Angeles on Friday as they picketed outside one of the dozens of hotels that have yet to reach a contract deal with UNITE HERE Local 11, whose membership is demanding better pay, benefits, and job protections in one of the nation's most expensive cities.
Source: commondreams - 🏆 530. / 51 Read more »