Wages jump highest on record increases keep up with prices

[AzogtheDefiler]

Good news comes in 4’s!​

• Employment up!​

• Infrastructure passing​

• Wages up!​

• Stock market record!​

US wages jump by the most in records dating back 20 years​

WASHINGTON (AP) — Wages jumped in the three months ending in September by the most on records dating back 20 years, a stark illustration of the growing ability of workers to demand higher pay from companies that are desperate to fill a near-record number of available jobs.

Pay increased 1.5% in the third quarter, the Labor Department said Friday. That’s up sharply from 0.9% in the previous quarter. The value of benefits rose 0.9% in the July-September quarter, more than double the preceding three months.

Workers have gained the upper hand in the job market for the first time in at least two decades, and they are commanding higher pay, more benefits, and other perks like flexible work hours. With more jobs available than there are unemployed people, government data shows, businesses have been forced to work harder to attract staff.
Higher inflation is eating away at some of the wage increases, but in recent months overall pay has kept up with rising prices. The 1.5% increase in wages and salaries in the third quarter is ahead of the 1.2% increase in inflation during that period, economists said.

US wages jump by the most in records dating back 20 years

Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs.

apnews.com

If you don’t see that most Americans are spending more and saving less under Biden, you’re being dishonest.

 

[AzogtheDefiler]

Good news comes in 4’s!​

• Employment up!​

• Infrastructure passing​

• Wages up!​

• Stock market record!​

US wages jump by the most in records dating back 20 years​

WASHINGTON (AP) — Wages jumped in the three months ending in September by the most on records dating back 20 years, a stark illustration of the growing ability of workers to demand higher pay from companies that are desperate to fill a near-record number of available jobs.

Pay increased 1.5% in the third quarter, the Labor Department said Friday. That’s up sharply from 0.9% in the previous quarter. The value of benefits rose 0.9% in the July-September quarter, more than double the preceding three months.

Workers have gained the upper hand in the job market for the first time in at least two decades, and they are commanding higher pay, more benefits, and other perks like flexible work hours. With more jobs available than there are unemployed people, government data shows, businesses have been forced to work harder to attract staff.
Higher inflation is eating away at some of the wage increases, but in recent months overall pay has kept up with rising prices. The 1.5% increase in wages and salaries in the third quarter is ahead of the 1.2% increase in inflation during that period, economists said.

US wages jump by the most in records dating back 20 years

Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs.

apnews.com

Inflation is coming for Thanksgiving dinner, making it more expensive than ever this year

This year's Thanksgiving dinner is set to cost more than last year, thanks to food inflation. Here's what experts say consumers can do to keep costs low.

www.google.com

Truth over Facts

 

[DudleySmith]

lol wages haven't kept up with inflation since the 1960's.

 

[Rambunctious]

$130 to fill up my tank this morning....wages smages...no one can feel the increase with the Biden inflation....

 

[citygator]

Saw this today from Heather Cox Richardson - Professor of History @ Boston College and a consistently reliable source. Granted the country and economy is coming out of another Republican recession so some job growth is almost inevitable but:

Since Biden took office, the U.S. has added more than 5.6 million jobs. This reflects the rebound from the lows of the pandemic, and it means that Biden added more jobs in the first 9 months of his presidency than the last three Republican administrations, covering 16 years, combined.
Letters from an American

 

[citygator]

If you don’t see that most Americans are spending more and saving less under Biden, you’re being dishonest.

Wrong. Savings rate was higher last month than any period before the pandemic. Savings rates are massive right now. 9.4% last reported month and it hovered around 7.4% for years before the pandemic.

Personal savings rate in U.S. 2015-2024 | Statista

The U.S. savings rate peaked in April 2020, with the rate in March 2023 being nearly seven times smaller in comparison.

www.statista.com

Lies over facts from you.

 

[AzogtheDefiler]

Wrong. Savings rate was higher last month than any period before the pandemic. Savings rates are massive right now. 9.4% last reported month and it hovered around 7.4% for years before the pandemic.

Personal savings rate in U.S. 2015-2024 | Statista

The U.S. savings rate peaked in April 2020, with the rate in March 2023 being nearly seven times smaller in comparison.

www.statista.com

Lies over facts from you.

Aha how much of that is due to the fact that people are still reticent to go out or cannot buy anything due to supply chain issues? And looks like you’re the fool.

Rate​

Monthly
September 2021	7.5
August 2021	9.2
July 2021	9.9
June 2021	9.0

The U.S. personal saving rate is personal saving as a percentage of disposable personal income. In other words, it's the percentage of people's incomes left after they pay taxes and spend money.

 

[EvilEyeFleegle]

Well, to be honest, inflation is outpacing wages, so there's that.

He just showed that it's not...so there's that~

 

[Meister]

He just showed that it's not...so there's that~

Are you sure?

The consumer price index rose 5.4% in September from a year ago...
Average hourly wages rose 4.6% in September from a year earlier

Inflation matches 13-year-high in September, outpacing workers' pay gains

The consumer price index rose 5.4% in September from a year ago, the Labor Department said Wednesday, up slightly from August's gain of 5.3% and matching the increases in June and July

fortune.com

 

[EvilEyeFleegle]

Hmm wages jump because the gov't is handing out so much free money that nobody wants to work thus the few workers who are left make more money.

I guess in some round-a-bout way that's good. I'm not really sure how, but I'm sure some liberal on here will explain it to me.

Too bad over 100 million Americans are out of the work force.

Front Page Featured | MRCTV

www.cnsnews.com

Interesting...
You do know that that stat counts retired people, disabled and stay at home mothers and fathers...right?
Your link, while biased...does state all that. If you actually read it.
I was interested in the number of workers who state the pandemic is the reason they have stopped working. Down from 1.6m to 1.3m.

 

[C_Clayton_Jones]

mental.

Conservatives want Americans to continue to suffer.

 

[EvilEyeFleegle]

Are you sure?

The consumer price index rose 5.4% in September from a year ago...
Average hourly wages rose 4.6% in September from a year earlier

Inflation matches 13-year-high in September, outpacing workers' pay gains

The consumer price index rose 5.4% in September from a year ago, the Labor Department said Wednesday, up slightly from August's gain of 5.3% and matching the increases in June and July

fortune.com

I see the diff. His stat are quarterly...yours for the month of September. Flip a coin I guess...lol!

 

[HenryBHough]

So an idiot starts a thread that lauds inflation; the new poverty for those on fixed incomes and thinks it'll garner respect.

Must be a liberal.

Nothing else on Earth could so thoroughly blend ignorance and hatred.

 

[progressive hunter]

Good news comes in 4’s!​

• Employment up!​

• Infrastructure passing​

• Wages up!​

• Stock market record!​

US wages jump by the most in records dating back 20 years​

WASHINGTON (AP) — Wages jumped in the three months ending in September by the most on records dating back 20 years, a stark illustration of the growing ability of workers to demand higher pay from companies that are desperate to fill a near-record number of available jobs.

Pay increased 1.5% in the third quarter, the Labor Department said Friday. That’s up sharply from 0.9% in the previous quarter. The value of benefits rose 0.9% in the July-September quarter, more than double the preceding three months.

Workers have gained the upper hand in the job market for the first time in at least two decades, and they are commanding higher pay, more benefits, and other perks like flexible work hours. With more jobs available than there are unemployed people, government data shows, businesses have been forced to work harder to attract staff.
Higher inflation is eating away at some of the wage increases, but in recent months overall pay has kept up with rising prices. The 1.5% increase in wages and salaries in the third quarter is ahead of the 1.2% increase in inflation during that period, economists said.

US wages jump by the most in records dating back 20 years

Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs.

apnews.com

if wages went up to match cost increases thats not really a wage increase,,

 

[EvilEyeFleegle]

So an idiot starts a thread that lauds inflation; the new poverty for those on fixed incomes and thinks it'll garner respect.

Must be a liberal.

Nothing else on Earth could so thoroughly blend ignorance and hatred.

The thread is about wages. Sucks to be dependant on govt. for your living. Not what this thread is about...but I understand...you must be a Conservative.

 

[Papageorgio]

Good news comes in 4’s!​

• Employment up!​

• Infrastructure passing​

• Wages up!​

• Stock market record!​

US wages jump by the most in records dating back 20 years​

WASHINGTON (AP) — Wages jumped in the three months ending in September by the most on records dating back 20 years, a stark illustration of the growing ability of workers to demand higher pay from companies that are desperate to fill a near-record number of available jobs.

Pay increased 1.5% in the third quarter, the Labor Department said Friday. That’s up sharply from 0.9% in the previous quarter. The value of benefits rose 0.9% in the July-September quarter, more than double the preceding three months.

Workers have gained the upper hand in the job market for the first time in at least two decades, and they are commanding higher pay, more benefits, and other perks like flexible work hours. With more jobs available than there are unemployed people, government data shows, businesses have been forced to work harder to attract staff.
Higher inflation is eating away at some of the wage increases, but in recent months overall pay has kept up with rising prices. The 1.5% increase in wages and salaries in the third quarter is ahead of the 1.2% increase in inflation during that period, economists said.

US wages jump by the most in records dating back 20 years

Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs.

apnews.com

Yet they keep telling us there isn’t any inflation?

 

[Meathead]

Good news comes in 4’s!​

• Employment up!​

• Infrastructure passing​

• Wages up!​

• Stock market record!​

US wages jump by the most in records dating back 20 years​

WASHINGTON (AP) — Wages jumped in the three months ending in September by the most on records dating back 20 years, a stark illustration of the growing ability of workers to demand higher pay from companies that are desperate to fill a near-record number of available jobs.

Pay increased 1.5% in the third quarter, the Labor Department said Friday. That’s up sharply from 0.9% in the previous quarter. The value of benefits rose 0.9% in the July-September quarter, more than double the preceding three months.

Workers have gained the upper hand in the job market for the first time in at least two decades, and they are commanding higher pay, more benefits, and other perks like flexible work hours. With more jobs available than there are unemployed people, government data shows, businesses have been forced to work harder to attract staff.
Higher inflation is eating away at some of the wage increases, but in recent months overall pay has kept up with rising prices. The 1.5% increase in wages and salaries in the third quarter is ahead of the 1.2% increase in inflation during that period, economists said.

US wages jump by the most in records dating back 20 years

Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs.

apnews.com

Gas prices up!

Illegals up!

Crime up!

Inflation up!

Clusterfucks up!

Let's Go Brandon!

 

[Meister]

Conservatives want Americans to continue to suffer.

No they don't, why would you even say that?

 

[citygator]

Aha how much of that is due to the fact that people are still reticent to go out or cannot buy anything due to supply chain issues?

So, you admit that the savings rate is high right now, contrary to your post. Cool. Thanks. And you can thank Biden for that.

 

[AzogtheDefiler]

So, you admit that the savings rate is high right now, contrary to your post. Cool. Thanks. And you can thank Biden for that.

Nope. Posted a chart. In Sept its 7.5 so the same as it was before Biden and going down quickly. Learn to read.