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The level of job changing dropped below pre-COVID levels in 2023, after surging during the prior two years, Bank of America data shows. Meanwhile, wages for new hires in February was 1.8% above ...
Nominal wages. Adjusted for inflation wages. Employer compensation in the United States refers to the cash compensation and benefits that an employee receives in exchange for the service they perform for their employer. Approximately 93% of the working population in the United States are employees earning a salary or wage.
In addition to the wage data, the ADP data showed a surprise 184,000 job additions in March, per ADP, up from the 155,000 seen in February and higher than the 150,000 that economists surveyed by ...
The pay scale was originally created with the purpose of keeping federal salaries in line with equivalent private sector jobs. Although never the intent, the GS pay scale does a good job of ensuring equal pay for equal work by reducing pay gaps between men, women, and minorities, in accordance with another, separate law, the Equal Pay Act of 1963 .
Federal laws. The federal minimum wage in the United States has been $7.25 per hour since July 2009, the last time Congress raised it. [45] Some types of labor are exempt: Employers may pay tipped labor a minimum of $2.13 per hour, as long as the hour wage plus tip income equals at least the minimum wage.
For the highest-paying jobs, head to the Bridgeport, Stamford and Norwalk metropolitan area in Connecticut, where the mean wage for human resources managers is $182,230 per year.
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