| Title | Wages and Benefits are Rising at the Fastest Pace in a Decade | |
| Date | Monday August 06 2018, @09:37AM | |
| Author | martyb | |
| Topic | ||
| from the positive-news dept. | ||
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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printed from SoylentNews, Wages and Benefits are Rising at the Fastest Pace in a Decade on 2023-07-05 14:33:31