Connect with us

Business

Wages Show Signs of Picking Up as U.S. Job Market Improves

Published

on

In this Jan. 29, 2015 file photo, Tyler Kelly, 19,  left, fills out applications for parking enforcement and environmental compliance jobs during a public safety job fair at City Hall in Saginaw, Mich. The  Labor Department releases job openings and labor turnover survey for January on Tuesday, March 10, 2015.  (AP Photo/The Saginaw News, David C. Bristow)

In this Jan. 29, 2015 file photo, Tyler Kelly, 19, left, fills out applications for parking enforcement and environmental compliance jobs during a public safety job fair at City Hall in Saginaw, Mich. (AP Photo/The Saginaw News, David C. Bristow)

 

(Bloomberg) – The American job market shows signs of entering a new stage that will bolster households as employers fight to retain and attract workers by paying them more.

Wages for private-sector employees climbed 0.7 percent in the first quarter and were up 2.8 percent in the 12 months through March, the biggest gain in more than six years, the Labor Department reported Thursday. The agency also said the number of claims for jobless benefits declined last week to the lowest level since 2000.

Six years after the recession ended, unemployment may now be low enough to start prompting companies to compete against each other for staff. Bigger paychecks, a missing piece of the expansion, would make it more likely that the slowdown in economic growth last quarter will be fleeting, bearing out Federal Reserve policy makers’ assessment.

“You can feel somewhat more constructive on consumer spending in the next quarter or so given that wages have picked up and given that claims are so low,” said Michelle Meyer, deputy head of U.S. economics at Bank of America Corp. in New York. “There’s still further ammunition for consumers to spend.”

READ MORE

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Activism

Oakland Post: Week of March 4 – 10, 2026

The printed Weekly Edition of the Oakland Post: Week of March 4 – 10, 2026

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

Oakland Post: Week of February 25 – March 3, 2026

The printed Weekly Edition of the Oakland Post: Week of – February 25 – March 3, 2026

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

Chase Oakland Community Center Hosts Alley-Oop Accelerator Building Community and Opportunity for Bay Area Entrepreneurs

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

Published

on

Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.
Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.

By Carla Thomas

The Golden State Warriors and Chase bank hosted the third annual Alley-Oop Accelerator this month, an empowering eight-week program designed to help Bay Area entrepreneurs bring their visions for business to life.

The initiative kicked off on Feb. 12 at Chase’s Oakland Community Center on Broadway Street, welcoming 15 small business owners who joined a growing network of local innovators working to strengthen the region’s entrepreneurial ecosystem.

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

At its core, the accelerator is designed to create an ecosystem of collaboration, where local entrepreneurs can learn from one another while accessing the resources of a global financial institution.

“This is our third year in a row working with the Golden State Warriors on the Alley-Oop Accelerator,” said Jaime Garcia, executive director of Chase’s Coaching for Impact team for the West Division. “We’ve already had 20-plus businesses graduate from the program, and we have 15 enrolled this year. The biggest thing about the program is really the community that’s built amongst the business owners — plus the exposure they’re able to get through Chase and the Golden State Warriors.”

According to Garcia, several graduates have gone on to receive vendor contracts with the Warriors and have gained broader recognition through collaborations with JPMorgan Chase.

“A lot of what Chase is trying to do,” Garcia added, “is bring businesses together because what they’ve asked for is an ecosystem, a network where they can connect, grow, and thrive organically.”

This year’s Alley-Oop Accelerator reflects that vision through its comprehensive curriculum and emphasis on practical learning. Participants explore the full spectrum of business essentials including financial management, marketing strategy, and legal compliance, while also preparing for real-world experiences such as pop-up market events.

Each entrepreneur benefits from one-on-one mentoring sessions through Chase’s Coaching for Impact program, which provides complimentary, personalized business consulting.

Garcia described the impact this hands-on approach has had on local small business owners. He recalled one candlemaker, who, after participating in the program, was invited to provide candles as gifts at Chase events.

“We were able to help give that business exposure,” he explained. “But then our team also worked with them on how to access capital to buy inventory and manage operations once those orders started coming in. It’s about preparation. When a hiccup happens, are you ready to handle it?”

The Coaching for Impact initiative, which launched in 2020 in just four cities, has since expanded to 46 nationwide.

“Every business is different,” Garcia said. “That’s why personal coaching matters so much. It’s life-changing.”

Participants in the 2026 program will each receive a $2,500 stipend, funding that Garcia said can make an outsized difference. “It’s amazing what some people can do with just $2,500,” he noted. “It sounds small, but it goes a long way when you have a plan for how to use it.”

For Chase and the Warriors, the Alley-Oop Accelerator represents more than an educational initiative, it’s a pathway to empowerment and economic inclusion. The program continues to foster lasting relationships among the entrepreneurs who, as Garcia put it, “build each other up” through shared growth and opportunity.

“Starting a business is never easy, but with the right support, it becomes possible, and even exhilarating,” said Oscar Lopez, the senior business consultant for Chase in Oakland.

Continue Reading

Subscribe to receive news and updates from the Oakland Post

* indicates required

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

#NNPA BlackPress1 week ago

COMMENTARY: Women of Color Shape Our Past and Future

#NNPA BlackPress1 week ago

Woman’s Search for Family’s Roots Leads to Ancestor John T. Ward – A Successful Entrepreneur and Conductor on the Underground Railroad

#NNPA BlackPress1 week ago

Advocates Raise Alarm Over ICE Operation, MOU and Detention Risks in Baltimore County

#NNPA BlackPress1 week ago

Pete Buttigieg to Join Mayor Randall Woodfin for Community Town Hall in Birmingham

#NNPA BlackPress1 week ago

WATCH: Week One – NNPA’s “Leadership Matters” Video Series

Activism1 week ago

Oakland Post: Week of March 4 – 10, 2026

#NNPA BlackPress1 week ago

OP-ED: NNPA Launches 2026 “Leadership Matters” Video Series

#NNPA BlackPress1 week ago

PRESS ROOM: PMG and Cranbrook Horizons-Upward Bound Launch Journey Fellowship Cohort 2

#NNPA BlackPress1 week ago

Los Angeles Summit Brings Together Leaders to Tackle Poverty and Affordability

#NNPA BlackPress1 week ago

Civil Rights TV Launches 24/7 Network Focused on Black History, Education and Equity

#NNPA BlackPress1 week ago

REVIEW: The Ultimate Hot Girl Summer Getaway: Sunseeker Resort Florida

#NNPA BlackPress1 week ago

COMMENTARY: How You Stop a Prescription Medicine is as Important as How You Start 

#NNPA BlackPress2 weeks ago

PRESS ROOM: From Congress to Corporate America: NNPA Spotlights Visionaries in New Video Series

#NNPA BlackPress2 weeks ago

Poll Shows Support for Policies That Help Families Afford Child Care

Activism2 weeks ago

Oakland Post: Week of February 25 – March 3, 2026

Trending

Copyright ©2021 Post News Group, Inc. All Rights Reserved.