Capitalize Financial
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
Capitalize Financial
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Economy

US wages and benefits jump as economy reopens

by capitalizefinancial
May 1, 2021
in Economy
0
US wages and benefits jump as economy reopens

Wages and benefits grew quickly for U.S. workers in the first three months of the year, a sign that businesses are starting to offer higher pay to fill newly-opened jobs.

U.S. workers’ total compensation rose 0.9% in the January-March quarter, the largest gain in more than 13 years, the Labor Department said Friday. That’s up from 0.7% in the final three months of last year. Still, the increase is just barely above 0.8% gains in two quarters in 2018.

The solid rise comes after weaker increases during the pandemic, when the unemployment rate initially shot to nearly 15% before declining steadily to 6% in March. As a result, workers’ pay and benefits rose just 2.6% in the year ending in March, down from 2.8% a year earlier.

The data comes from the Labor Department’s Employment Cost Index, which measures pay changes for workers that keep their jobs. Unlike some other measures of Americans’ paychecks, it isn’t directly affected by mass layoffs such as the pandemic job losses that occurred last spring.

Read More…

Previous Post

Aberdeen near top of rankings for U.S. real estate, population growth

Next Post

Stock market news live updates: S&P 500 retreats from record high, but posts 5.2% gain in April for best month since November

Next Post
Stock market news live updates: S&P 500 retreats from record high, but posts 5.2% gain in April for best month since November

Stock market news live updates: S&P 500 retreats from record high, but posts 5.2% gain in April for best month since November

Search…

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial’s ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.

Recent News

Vote counting far from over as Trump-backed Dr. Oz and Dave McCormick deadlocked in PA GOP Senate primary

Vote counting far from over as Trump-backed Dr. Oz and Dave McCormick deadlocked in PA GOP Senate primary

‘There’s no stopping this team’: How the Yankees cleaned up their act and became baseball’s most dominant squad

‘There’s no stopping this team’: How the Yankees cleaned up their act and became baseball’s most dominant squad

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • Georgia
  • health
  • Markets
  • Music
  • Politics
  • Real Estate
  • receipe
  • Science
  • science
  • Sports
  • Sports
  • Tech
  • Travel
  • World

Site Navigation

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

Capitalize Financial, a news portal which provides the financial news global wide.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

© 2021 Capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Markets
  • Real Estate

© 2021 Capitalize Financial All Rights Reserved