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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: TSMC considers another major expansion in Phoenix, Arizona for semiconductor plant - Phoenix Business JournalA Wall Street Journal article published Wednesday outlines TSMC's future expansion plans for Arizona. And here's what the semiconductor giant told the Business Journal in response to the WSJ report.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Televerde names Silicon Valley exec Chris McGugan as new CEO - Phoenix Business JournalThe new CEO will lead Televerde, the Phoenix company that puts incarcerated women to work inside prisons as remote phone sales and marketing representatives for global corporate clients.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Snell & Wilmer hires Ray English as senior DEI director - Phoenix Business JournalThe new executive, a former assistant dean from Arizona State University’s Sandra Day O’Connor College of Law, started in the role on Oct. 31. He is tasked with expanding and improving the firm's DEI (diversity, equity and inclusion) efforts.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Coyotes’ arena development could be decided by Tempe voters - Phoenix Business JournalTempe City Council said it will hold a special meeting on Nov. 10 to decide if the Arizona Coyotes' proposed hockey arena and entertainment district would be on the ballot of a special election in May 2023.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Google Fiber begins high-speed internet installations in Mesa - Phoenix Business JournalIn July, Mesa approved license agreements for Google Fiber and three more fiber-optic companies in the city’s attempt to bridge the digital divide. Business Journal Photo Editor Jim Poulin grabbed these shots of the fiber optic cable installation work.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Arizonans got 50 million campaign robotexts this fall - Phoenix Business JournalAlmost 50 million political robotexts were sent to Arizona phones in September and October alone, according to the latest estimates by RoboKiller, a company that markets a spam-blocking app.
Source: phxbizjournal - 🏆 254. / 63 Read more »