The jobs market is expected to hold in its strong position for another month despite a dire warning about the trajectory of the Australian economy. The March labour force report from the Australian Bureau of Statistics will follow several months of ultra-low unemployment levels despite the Reserve Bank delivering a series of interest rate hikes…
Texas Posts Record Rise in Total Job Gains With Fastest Annual Job Growth in the Nation
November 21, 2022
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Business & MarketsCompanieseconomyemployment ratejob growthLocal Newspersonal financeRegional-Local NewsTexasUS
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Texas broke its all-time record for total job gains last month, with the fastest annual jobs growth rate in the United States. Job gains in the state accelerated non-stop over a 12-month period between October 2021 and October 2022, to 5.4 percent, according to new data from the Texas Workforce Commission and the U.S. Bureau of…
UK Workers Face Record Pay Slump Due to Surging Inflation
UK workers saw a record drop in real earnings over the past quarter despite pay increases amid soaring inflation, according to official figures published on Tuesday. The Office for National Statistics (ONS) said regular pay (excluding bonuses) between April and June was estimated to have increased by 4.7 percent compared to the same quarter last year. However,…
Strong CA Economy in 2022 Before Potential Recession in 2023: Chapman Economist
December 14, 2021
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CaliforniaChapman Universityeconomic forecastemployment ratehousing shortagejob lossLocal NewsRegional NewsRegional-Local NewsSouthern CaliforniaUS
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Californians may see a strong economy in 2022, but the possibility of a recession in 2023 lingers, President Emeritus and Economist James Doti said during Chapman University’s 44th annual economic forecast on Dec. 14. As pandemic restrictions for businesses dwindle, California anticipates job growth of 4.2 percent in 2022 in comparison to 3.5 percent nationwide,…
Starbucks, Costco Boosting Worker Wages Amid National Labor Shortage
October 28, 2021
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Business & EconomyCompaniesCostcoCOVID-19 pandemicemployment rateFederal Reserveinflationpresident joe bidenStarbucksUSUS NewsWalmart
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Starbucks and Costco are raising the hourly wage for their employees across the United States in an effort to recruit more workers amid a nationwide labor shortage. Starbucks said in a statement on Oct. 27 that it will be raising nonsalaried workers’ wages to $17 an hour while barista hourly rates will range from $15 to…
Starbucks, Costco Raising Worker Wages Amid National Labor Shortage
October 28, 2021
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Business & EconomyCompaniesCostcoCOVID-19 pandemicemployment rateFederal Reserveinflationpresident joe bidenStarbucksUSUS NewsWalmart
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Starbucks and Costco are both raising the hourly wage for employees across the United States in an effort to recruit more workers amid a nationwide labor shortage. Starbucks said in a press release on Oct. 27 that it will be raising nonsalaried workers’ wages to $17 an hour while barista hourly rates will range from…
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