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Wages

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UK unemployment climbs to five-year high as vacancies lag and redundancies rise
economy16 days ago

UK unemployment climbs to five-year high as vacancies lag and redundancies rise

Official data show the UK unemployment rate rising to 5.2% in December, the highest since early 2021, with redundancies increasing and the number of unemployed per vacancy at a post-pandemic high. Wage growth remains uneven—faster in the public sector and softer in the private sector—and the ONS cautions about interpreting monthly vacancy data. A CIPD survey links hiring cuts to new workers’ rights and higher employer National Insurance costs, while markets price in potential Bank of England rate cuts later this year.

via Sky News|
#bank-of-england#economy#note-extra-tag-would-exceed-limit
Trump’s second-term actions threaten working families’ affordability
economy1 month ago

Trump’s second-term actions threaten working families’ affordability

A new analysis catalogs 47 Trump actions in the first year of his second term that the authors say erode workers’ wages, undermine job creation, weaken labor rights, enable employer exploitation, and hobble government’s effectiveness, arguing wage growth has lagged productivity for decades and these policies will worsen the affordability crisis for working families unless reversed. The report highlights moves like cutting minimum pay for federal contractors, rolling back protections for farm and in-home-health workers, and reshaping labor enforcement to favor employers.

via Economic Policy Institute|
#affordability#economy#labor-policy
White House Highlights Low Inflation and Wage Growth Under Trump Plan
economy1 month ago

White House Highlights Low Inflation and Wage Growth Under Trump Plan

The White House releases data claiming inflation is under control (headline and core around 2.4%), with real wages rising and blue-collar workers seeing meaningful gains. Wages are projected to grow ~4% in Trump’s first full year, auto prices are falling, and Bloomber gnotes cooling price growth. The administration credits tariffs, tax cuts, and deregulation for these gains, framing them as a victory over the prior inflation crisis.

via The White House (.gov)|
#economy#inflation#manufacturing
US Inflation Eases to 2.7% in November, Providing Relief to Consumers
economy2 months ago

US Inflation Eases to 2.7% in November, Providing Relief to Consumers

In November, inflation in the US slightly decreased to 2.7%, but rising costs, especially for rent and electricity, continue to strain Americans' finances, with many barely able to cover expenses. Wages are growing but at a slower pace, and concerns about affordability are impacting public opinion on the economy. The Federal Reserve is cautious about further rate cuts to control inflation.

via NPR|
#americans#cost-of-living#economy
AI's Dual Role: Job Disruptor and Creator
technology2 months ago

AI's Dual Role: Job Disruptor and Creator

Recent research by Vanguard indicates that jobs highly exposed to AI are actually growing faster than before, with no evidence of widespread job loss or wage decline, contrasting with some alarmist predictions. AI's impact on employment remains limited due to current technological constraints, though future advancements could pose risks to certain professions.

via CNN|
#ai#automation#employment
Ford CEO Warns of 5,000 Skilled Mechanic Jobs Unfilled Amid Labor Shortage
business3 months ago

Ford CEO Warns of 5,000 Skilled Mechanic Jobs Unfilled Amid Labor Shortage

Ford CEO Jim Farley highlights a significant labor shortage in manual trades, with 5,000 open mechanic positions offering high salaries, reflecting a broader national issue of skilled labor shortages due to inadequate training and education. He emphasizes the need for more investment in trade schools to address the crisis and support the country's manufacturing and economic future.

via Fortune|
#business#ford#labor-shortage
Kaiser Permanente Healthcare Workers Launch Major Strike for Better Wages and Staffing
world4 months ago

Kaiser Permanente Healthcare Workers Launch Major Strike for Better Wages and Staffing

Approximately 31,000 Kaiser Permanente healthcare workers, including nurses, went on a five-day strike across California, Hawaii, and Oregon demanding a 25% wage increase over four years and better staffing, citing wages lagging behind inflation and peer benchmarks; Kaiser offers a 21.5% increase, and essential services remain operational with some adjustments.

via AP News|
#healthcare#kaiser-permanente#nurses-strike
Boeing Defense Workers Extend Strike After Contract Rejection
business5 months ago

Boeing Defense Workers Extend Strike After Contract Rejection

Striking Boeing defense workers in Missouri rejected a modified contract offer that included 45% wage growth and a signing bonus, leading to a continued strike by over 3,000 workers who are assembling F-15 fighter jets and missile systems. The union demands better pay and benefits, and Boeing plans to replace the striking workers as no further negotiations are scheduled.

via CNBC|
#boeing#business#missouri
Wage Growth Struggles to Keep Pace with Inflation Across Industries
economy6 months ago

Wage Growth Struggles to Keep Pace with Inflation Across Industries

A new study reveals that wages in the US have lagged behind inflation by 1.2 percentage points over the past four years, with certain professions like educators experiencing larger gaps, leading to ongoing financial strain for many households. Despite some sectors like healthcare and leisure seeing wage growth, overall wage dissatisfaction remains high, and the job market is perceived as stagnant, especially in white-collar industries.

via CBS News|
#cost-of-living#economy#income-disparity