Employers slowed their increases of workers' wages last quarter | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 95%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Employers continued to raise wages during the fourth quarter to attract workers and hold on to existing staff, though the pace of the increases slowed from the previous quarter

While workers won’t be happy that the pay boosts still aren’t keeping up with inflation, the deceleration will likely please the Federal Reserve, which meets this week to determine how much more to hike interest rates. Wages and salaries for civilian workers increased by 1% in the fourth quarter and by 5.1% for the year ending in December, according to the Bureau of Labor Statistics’ quarterly Employment Cost Index released Tuesday.

2% over the year ending in December. They had fallen 3% for the year ending in September. The Fed keeps a close eye on the Employment Cost Index to monitor the extent to which skyrocketing inflation is boosting wages — a factor in its decision of how much and how fast to raise interest rates.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 4. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

The job market is 'softening' but still causing headaches for employers - Dallas Business JournalExperts say the job market is softening amid a series of high-profile layoffs, but experts say the labor headaches still aren't going away for employers — and some areas have it worse than others. Here's why.
Herkunft: DallasBizNews - 🏆 525. / 51 Weiterlesen »

The job market is 'softening' but still causing headaches for employers - Phoenix Business JournalExperts say the job market is softening amid a series of high-profile layoffs, but experts say the labor headaches still aren't going away for employers — and some areas have it worse than others. Here's why.
Herkunft: phxbizjournal - 🏆 254. / 63 Weiterlesen »

The job market is 'softening' but still causing headaches for employers - Jacksonville Business JournalExperts say the job market is softening amid a series of high-profile layoffs, but experts say the labor headaches still aren't going away for employers — and some areas have it worse than others. Here's why.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »

Union members are poised to reject Disney World contract offer | CNN BusinessJonathan Pulliam has been working at Disney World since 2018, dressing up as everything from beloved Disney cartoon characters to Star Wars villains. And while he loves his job, he says he can't afford it any longer. Who cares Isn't that the company who completely screwed up George Lucas' Star Wars? Yeah, JarJar, Ruin, and Kathleen Kuntedy. Disney is not essential. Vote like your job depends on it … because it does.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

Pending home sales increased last month for the first time since May | CNN BusinessPending home sales increased in December for the first time since May, a sign that lower mortgage rates are bringing some buyers back into the housing market.
Herkunft: ALNewsNetwork - 🏆 583. / 51 Weiterlesen »