Saturday, July 24

Wage Growth

COVID-19, Markets, MI Exclusive, Pay Growth, reopening, UK Economy, UK Labour Markets, UK Unemployment, Wage Growth

The number of Brits on payrolls surged by 356,000 in June as the economy reopened and hospitality boomed

The UK economy is gradually reopening from coronavirus lockdowns. Andrew Milligan-PA Images / Getty The number of Brits on payrolls surged by 356,000 in June as the economy bounced back from COVID-19. Britain's economy is gradually reopening, causing the hospitality sector to increase hiring rapidly. However, the unemployment rate ticked up to 4.8% in the three months to May, data showed. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The number of Brits finding work surged in June as the economy rebounded from COVID-19 lockdowns, with 356,000 added to UK company payrolls compared to May.It was the biggest increase in payrolls since the start of the pandemic, figures released Thursday by the Office for National Statistics showed."The labor market is con...
Atlanta Fed, Economy, Markets, Wage, Wage Growth

Wages are growing, but people who have stayed in the same job for the last year aren’t getting raises

Wages have climbed amid the pandemic, especially in the hard-hit leisure and hospitality industry as some employers boost pay to help fill positions. However, wages really haven't grown that much for employees already in the workforce. Overall, wages have grown during the pandemic, even reporting the fastest rate on one measure since 1983 per Insider's analysis.But despite an increase in pay, current workers aren't seeing that much of a change, based on Atlanta Fed data. The Atlanta Fed wage tracker uses Current Population Survey data to look at changes in hourly earnings of workers. The tracker differs from the average hourly earnings reported each month by the Bureau of Labor Statistics because the data used by the Atlanta ...
Economic Data, Economy, Ellen Zentner, Labor Market, labor shortage, Markets, Morgan Stanley, Pay Growth, US Labor Market, Wage Growth, Wages, worker shortage

One chart shows the 10 industries poised to pay you a higher salary soon, and the 10 that probably won’t, according to Morgan Stanley

The labor shortage is uneven, leaving some industries more likely to raise wages than others. The hotel, restaurants, and leisure sector is most likely to raise pay, Morgan Stanley said Monday. Independent power and renewable electricity businesses are the least likely to hike wages, the bank added. LoadingSomething is loading. ...