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The unemployment rate rose from 3.5% in July 2023 to 4.2% in August of this year, illustrating the cooling effect of higher rates as businesses slowed hiring and more people looked for work.
The federal minimum wage in the United States has been $7.25 per hour since July 2009, the last time Congress raised it. [ 45 ] Some types of labor are exempt: Employers may pay tipped labor a minimum of $2.13 per hour, as long as the hour wage plus tip income equals at least the minimum wage.
The federal funds rate, which acts as a benchmark for borrowing rates in the rest of the economy, will now move down to about 4.8%, the lowest level since March 2023.
September 4, 2024 at 9:05 PM. By Ann Saphir. (Reuters) - The Federal Reserve needs to cut interest rates to keep the labor market healthy, but it is now down to incoming economic data to determine ...
The inflation rate is most widely calculated by determining the movement or change in a price index, typically the consumer price index. [48] The inflation rate is the percentage change of a price index over time. The Retail Prices Index is also a measure of inflation that is commonly used in the United Kingdom. It is broader than the CPI and ...
49,800 strikers. The 2023 United Auto Workers strike was a labor strike involving automobile workers in the labor union United Auto Workers (UAW) and the three unionized automakers in the United States— Ford Motor Company, General Motors, and Stellantis. These three automakers' factories combined employ about 145,000 UAW members and produce ...
The number of unfair labor practice charges filed in fiscal year 2023 increased 10% from the year prior, according to the agency.During the same period, the NLRB saw an uptick in union ...
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). It is a consumer price index which is compiled according to a methodology that has been harmonised across EU countries. The euro area HICP is a weighted average of price indices of member states who have adopted ...