
Charted: US wage growth is in decline, here's why
American employers are slowing their spending on employee wages—a data point that is likely to ease the inflationary concerns of Federal Reserve officials.
American employers are slowing their spending on employee wages—a data point that is likely to ease the inflationary concerns of Federal Reserve officials.
The US Federal Reserve central bank raised its benchmark interest rate by 75 basis points on Nov 2, while signaling it was willing to slow down the pace of rate hikes as the economy cooled.
Americans traveling outside the US will find that they are about 14% richer than they were at the beginning of the year.
Prices keep going up and the US economy is slowing down, but workers are still seeing their wages rise.
US consumers trying to catch a break from inflation didn’t get much respite over the past year—except if they happened to be vegetarians, dislike lemons, or commute by bus.