Wages

Federal Reserve Chair Jerome Powell speaks during a news conference after the Fed's meeting on Nov. 2, 2022, in Washington, D.C. The Fed raised interest rates by a quarter percentage point on Wednesday, its smallest increase in 11 months.

Economy

The Fed raises interest rates by only a quarter-point after inflation drops

8:00pm February 01, 2023

by Scott Horsley

The Federal Reserve raised interest rates by a quarter-percentage point as part of its ongoing effort to fight inflation. Price hikes have begun to ease, but the Fed says inflation is not yet tamed.

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Workers attach siding to a house at a new home construction site in Trappe, Maryland, on October 28, 2022. Rising interest rates could mean slowing job growth in construction and manufacturing.

Economy

U.S. hiring cooled slightly in October. That could help to ease inflation

9:59am November 04, 2022

by Scott Horsley

Hiring slowed modestly in October, as employers added 261,000 jobs. That might take some of the upward pressure off inflation.

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Feds sue poultry producers, alleging unfair worker practices

11:55am July 25, 2022

by Associated Press

Sheet metal worker Carey Mercer assembles ductwork at Contractors Sheet Metal on Aug. 3, 2021, in New York. New York City and Washington, D.C., are among the cities in which young women earn more than young men, a Pew Research Center study found.

Young women earn more than young men in several U.S. cities

2:12pm April 02, 2022

by Jeff Dean

In 22 of 250 metro areas, women under the age of 30 earn as much or more than their male counterparts, a Pew Research Center report found.

Signs with the message 'Now Hiring' are displayed in front of restaurants in Rehoboth Beach, Delaware, on March 19.

Employers continue hiring spree even as war in Ukraine ratchets up economic fears

4:27pm April 01, 2022

by Scott Horsley

U.S. employers added 431,000 jobs in March, as the unemployment rate fell to 3.6% from 3.8% in February. The tight job market is putting upward pressure on both wages and prices.

A man wearing a face mask walks past a "Now Hiring" sign in front of a store on Jan. 13, in Arlington, Va. The labor market is showing resilience despite a recent spike in omicron-related coronavirus infections.

In a big surprise, the job market surged in January even as omicron cases spiked

3:56pm February 04, 2022

by Scott Horsley

U.S. employers added 467,000 jobs last month despite a surge of coronavirus infections. The unemployment rose to 4% from 3.9% in December.

Higher costing meat and drinks on the menu at Cameron Mitchell Restaurants, which runs 60 dining outlets across the country — from high-end steakhouses to Molly Woo's Asian Bistro and El Segundo Mexican Kitchen.

Inflation is red hot, soaring to 6.8% in November, the highest in nearly four decades

6:35pm December 10, 2021

by Scott Horsley

Businesses across the country, from restaurants to retail, must decide when, not if, to raises prices and by how much.

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Guilford commissioners approve pay increase for county employees

4:32pm October 25, 2021

by Keri Brown

Guilford County government employees will soon get a boost in pay.

The increases will take effect this year.

Workers from a Kellogg cereal plant picket along the main rail lines leading into the facility on Oct. 6 in Omaha, Neb. Workers have gone on strike after a breakdown in contract talks with company management.

Health & Safety

A two-tier wage system roiled the auto industry. Workers today say no way

7:00am October 16, 2021

by Andrea Hsu

Nurses at Kaiser Permanente and cereal workers at Kellogg are among those protesting their companies' proposals for a two-tier wage system under which new hires would earn less for the same work.

People shop at a Macy's in New York this month.

National

More Retail Workers Are Quitting Than Ever, But More Stores Are Opening Than Expected

12:54pm August 26, 2021

by Alina Selyukh

The U.S. retail industry is setting records: workers quitting and workers hired. Wages are finally growing. And despite the pandemic devastation, brand-new stores are still opening.