Labor economy

‘The summer job is back’: Teens enter the labor force as employers dish out higher wages, perks

Dailey Jogan was pleased to learn she would get $15 an hour and a handful of perks as the head…

Fed holds rates steady and notes progress on inflation

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to…

Private payroll growth slowed to 122,000 in July, less than expected, ADP says

Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm…

Private payrolls grew by just 150,000 in June, less than expected

Private payroll growth edged lower in June, according to a report Wednesday from ADP that indicates a potential slowdown in…

Your 401(k) is up, and a new report shows increased savings. But Americans need to do more

How’s your 401(k) looking? A new report shows Americans are saving more, but probably need to do even more.  Vanguard has…

The Fed is ‘playing with fire’ by not cutting rates, says creator of ‘Sahm Rule’ recession indicator

The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author…

American households have seen their purchasing power increase

Americans have seen their buying power rise for a year amid falling inflation and a strong job market, which might…

How immigrants are helping keep job growth hot while inflation cools

Immigration — both authorized and unauthorized — has helped the U.S. job market sustain a fiery run in recent months…

Trump says he will eliminate taxes on workers’ tips in a play for Nevada voters

Former President Donald Trump said he would eliminate taxes on tipped income if he wins a second White House term,…