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Wages and Benefits are Rising at the Fastest Pace in a Decade

posted by martyb on Monday August 06 2018, @09:37AM   Printer-friendly
from the positive-news dept.

An Anonymous Coward writes:

Marketwatch brings good news for the USA: American workers are finally reaping the benefits of the lowest unemployment rate and best jobs market in decades: Wages and benefits are rising at the fastest pace in a decade. Firms have sought to fill openings by offering better benefits such as more vacation time or flexible hours. When push comes to shove, they are offering higher pay. While bigger paychecks are great for workers, the US Federal Reserve is watching closely to see if rising compensation is stoking inflation. The Federal Reserve could increase U.S. interest rates if it becomes a big worry, but so far inflation remains relatively mild.

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  • (Score: 3, Informative) by bradley13 on Monday August 06 2018, @12:54PM

    by bradley13 (3053) on Monday August 06 2018, @12:54PM (#717808) Homepage Journal

    I just came across this site, full of official government statistics [bls.gov]. Two grains of salt: (a) do you trust government statistics and (b) what is their methodology, for example, in the face of changing definitions of unemployment. Nonetheless, you can find a lot of nice charts including historical data.

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