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Economy

“US job growth beats expectations in December; wages rise solidly”

“…Nonfarm payrolls increased by 216,000 jobs last month, the Labor Department’s Bureau of Labor Statistics said in its closely watched employment report on Friday. Data for November was revised lower to show payrolls rising 173,000 instead of 199,000 as previously… Continue Reading…

Economy

“February jobs rose a surprisingly strong 678,000, unemployment edged lower while wages were flat”

“Job growth accelerated in February, posting its biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department’s Bureau… Continue Reading…

Economy

“Despite rising wages, 61% of Americans are still living paycheck to paycheck, report finds”

“…At the end of 2021, 61% of the U.S. population was living paycheck to paycheck, down slightly from a high of 65% in 2020, according to a recent LendingClub report. Even among those earning six figures, 42% said they were living… Continue Reading…

Economy

“Real Wages Are Plummeting As US Recovery Remains Weak”

“EDITOR’S NOTE: If employers paid their workers produce or livestock instead of promissory notes (that’s what fiat money is), then workers would immediately notice if the quality of the produce or livestock is dwindling. The food wouldn’t taste right, and the… Continue Reading…

Business

“Under Armour to raise hourly wages to $15 for more than 8,000 retail, distribution workers”

“Under Armour announced Wednesday it is raising wages for hourly retail workers to $15 in the United States and Canada, impacting more than 8,000 jobs. The increases, which could be as much as 50% for some workers, will be effective June… Continue Reading…

Economy

Economy: 20,000 jobs in February, wages up, Low unemployment

“The economy gained a meager 20,000 jobs in February, falling far short of analyst expectations of 185,000 and indicating that the nation’s 10-year economic expansion has potentially hit a speed bump. Despite the stalled job growth, the rest of the… Continue Reading…