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Good News, Workers — Wage Gains Are Coming

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(CBS News) – By most measures, we’re in the later innings of this economic cycle. Corporate profits are cooling. Commodity prices are collapsing. Fifteen central banks globally have lowered interest rates this year to combat economic stagnation throughout Asia and Europe.

And yet for the average U.S. worker, one key trend has yet to materialize: A significant bump in pay. Sure, job-creation is running at its best pace since the dot-com boom, and the nation’s unemployment rate has dropped to 5.6 percent. But wages have barely budged.

That’s about to change.

As the chart below shows, wage growth was mixed in the fourth quarter of 2014. The Employment Cost Index released on Friday rose slightly to an annualized growth rate of 2.2 percent. Wages and salaries growth was more tepid at 2.1 percent, compared with 1.9 percent in 2013. Average hourly earnings came in at 1.7 percent year-over-year.

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Oakland Post: Week of November 13 – 19, 2024

The printed Weekly Edition of the Oakland Post: Week of November 13 – 19, 2024

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LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST

Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024, 5 p.m. – 6:30 p.m. PST

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Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024
5 p.m. – 6:30 p.m. PST

Discussion Topics:
• Since the pandemic, what battles have the NAACP fought nationally, and how have they impacted us locally?
• What trends are you seeing concerning Racism? Is it more covert or overt?
• What are the top 5 issues resulting from racism in our communities?
• How do racial and other types of discrimination impact local communities?
• What are the most effective ways our community can combat racism and hate?

Your questions and comments will be shared LIVE with the moderators and viewers during the broadcast.

STREAMED LIVE!
FACEBOOK: facebook.com/PostNewsGroup
YOUTUBE: youtube.com/blackpressusatv
X: twitter.com/blackpressusa

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Oakland Post: Week of November 6 – 12, 2024

The printed Weekly Edition of the Oakland Post: Week of November 6 – 12, 2024

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