Inflation continues to outstrip employee pay gains nationally — but there are some places around the U.S. where workers' pay gains are outpacing rising expenses.according to data from payroll and benefits platform Gusto
Overall, wages nationally stood at an average of $32.92 per hour, according to Gusto. That tracks closely with the $32.
“Amid record-high inflation and a job market in which workers still hold the power, employers are feeling the pressure to pay a premium for labor in all markets — not just large coastal cities,” said Gusto Economist Luke Pardue. “While workers in some cities, largely in the South, have seen pay outpace inflation, most have not.
Another month of high inflation, and the potential for continued wage hikes during a period of near-record unemployment, comes as small-business owners are struggling to compete on salaries with their bigger counterparts.in the United States, Canada and the United Kingdom, found 66% had given larger than usual pay increases over the last 12 months. About 21% of U.S. small businesses described the raises as “significantly larger.
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 Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dallas corporate marketers – let’s take relationship marketing to the next level - Dallas Business JournalDallas corporate marketers – let’s take relationship marketing to the next level (Sponsored by One Floor Up)
Source: DallasBizNews - 🏆 525. / 51 Read more »
Rural land sales slowing around DFW; prices remain high - Dallas Business JournalRural real estate sales around Dallas-Fort Worth have slowed substantially from the frenzied levels of the past two years, but land prices are at historic highs. Folks waiting for acreage prices to drop before they buy their dream ranch or land for single-family, multifamily or industrial development shouldn’t hold their breath.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Trademark Property Co.'s Terry Montesi discusses redevelopment of Arlington's Lincoln Square - Dallas Business JournalTrademark Property Co.'s acquisition of Lincoln Square has paved the way for the redevelopment of a key asset in Arlington.
Source: DallasBizNews - 🏆 525. / 51 Read more »
New projects in North Texas for November 7, 2022 - Dallas Business JournalHere’s a look at the latest new projects registered in North Texas with the Texas Department of Licensing and Regulation, a list of new construction, renovations and alterations in Dallas, Fort Worth and beyond. All projects listed are public records.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Amid industry challenges, businesses are exploring new solar energy solutions - Dallas Business JournalSolar power is facing new challenges, including existing tariffs on solar components and equipment, coupled with the global logistic slowdowns that are affecting every business.
Source: DallasBizNews - 🏆 525. / 51 Read more »
ERC and other tax credits every small business should know about - Silicon Valley Business JournalExperts say the pandemic and the resulting small-business relief programs ushered in a wave of new interest in federal tax credits. Here are five tax credits business owners should be aware of and how they can cash in.
Source: svbizjournal - 🏆 334. / 59 Read more »