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The March jobs report is expected to show 215,000 nonfarm payroll jobs were added to the US economy last month with the unemployment rate falling to 3.8%, according to data from Bloomberg.
Wages rose 4.1% year over year in March while employers added 303,000 jobs, beating economists' expectations. The unemployment rate dropped to 3.8% from 3.9% in February, according to the Labor ...
A majority of CFOs plan to spend more on average compensation this year, according to a 2024 survey from Gartner. Of those who plan to give pay raises, 13% say they’ll increase average ...
Basic Minimum Rate (per hour) is $7.25 for employers with ten or more full time employees at any one location or employers with annual gross sales over $100,000 irrespective of number of full time employees. All other employers: Basic Minimum Rate (per hour): $2.00. Unless the employers are subject to the Fair Labor Standards Act, in which case ...
By comparison, wage growth for high-wage employees dropped from a high of 8.2% to 2.6% in February. For middle-wage workers, year-over-year growth has fallen to 3.9% from a peak of 8.5%.
While workers have seen a bump in their hourly wage, inflation may actually be giving workers a pay cut. Average hourly wages jumped 3.6% to $30.40 in June compared with the same month in 2020 due ...
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