29295
US Wage  Growth Sluggish
World Economy

US Wage Growth Sluggish

Despite some encouraging recent job numbers—unemployment is falling, and an average of 198,000 jobs per month were added to payrolls over the last year—wage growth in the United States is still sluggish, according to experts analyzing labor department statistics, Al Jazeera reported. The September 2015 Employment Cost Index shows labor costs—meaning the total cost to employers of wages, salaries and benefits—rose 2% over the past 12 months. “It’s the trend that’s disappointing, more than anything else,” said Chad Stone, chief economist for the Center on Budget and Policy Priorities think tank. Stone said that wage growth has been consistently anemic throughout the economic recovery. Unemployment held steady at 5.1% in September, compared to 5.9% the previous year. That represents a steep drop from the recession-era high of 10% in 2009 and 2010. But even that substantial drop in unemployment has not translated to higher pay. “It’s still the case that employers have the bargaining power,” Stone said.

Short URL : http://goo.gl/tzDLmD
  1. http://goo.gl/kOw1Ev
  • http://goo.gl/YeF5uC
  • http://goo.gl/AmY265
  • http://goo.gl/CsZFdB
  • http://goo.gl/Tj5LJ7

You can also read ...

 Final Nail in Abraaj Coffin
The Abraaj Group has been put through the ringer in past...
Saudi Arabia Bleeds as Capital Flight Continues
As Saudi Arabia raises the stakes in its dispute with Canada...
Experts Say China Economy Manageable
Recent external pressures, a general global trade malaise...
Qatar Pledges $15b Investment :      Turkish Lira Weakens 6% on Threat of More US Sanctions
Turkey’s battered lira weakened more than 6% against the...
Europe Should Resist Illegal US Penalties
European countries should take effective steps to counter US...
Indonesia Sets Moderate Growth Goals
Amid rising external pressures, Indonesia’s economy is...
 Crypto Scams on the Rise in UK
Crypto currency scams are using images of celebrities and...
Australia Drought Could Cost $12 Billion
The Reserve Bank of Australia and a new report have warned of...

Trending

Googleplus