Federal employees under the General Schedule (GS) get an annual pay raise most years. Articles in this section are an important resource for federal employees to stay informed about their pay and any potential changes that may affect their salaries. Thes
The number of federal workers earning $150,000 is ten times what it was five years ago—and has doubled during the Obama administration alone, USA Today reports. The group now makes up 3.9 percent of the workforce, up from 0.4 percent in 2005. Republicans in the House are now trying to...
Some economists warn that some of the factors fueling inflation — notably, shortages of supplies and workers — are outside the Fed's ability to solve. "The Fed can’t fix supply-side challenges with higher interest rates,’’ said Jim Baird, chief investment officer at Plante Moran Financia...
Yes, wages have been rising but not fast enough to offset inflation for many workers. And those wage gains are averages, too. In 2019, fully half of US workers didn’t get a pay raise. Some saw their pay drop. Yet inflation still hit 100% of them. Like what you're reading? Get ...
“ABC member contractors are building the people who build America by investing billions to cultivate their long-term skill sets, creating a brighter future for their workers and their families,” said Greg Sizemore, ABC’s vice president of health, safety, environment and workforce development. “...
With the number of unemployed dwindling, businesses have been forced to raise hourly pay to keep and attract workers. In the final three months of 2021, wages jumped at a 6.2% annual rate. And for workers in restaurants, hotels and casinos, pay soared 14.1% in December co...
Pay gains among US workers in retail, finance, construction and utilities cooled from October through December, while it rose substantially in transportation and warehousing, up to 3.1% from 0.8%. 12:46 a.m. 5:24:45, February 1, 2024 The Fed is fed up with data revisions The Federal...
Reading from his prepared remarks, Powell rattled off a series of employment data: payroll gains averaging 218,000 per month in April and May; unemployment having crept up but remaining low at 4%; job creation driven by increases in participation among prime-aged workers and immigrants; slower ...
However, companies can offset the cost of higher pay and benefits by becoming more efficient, or productive. In the past three quarters, producivity has increased at a healthy pace, which, if sustained, would enable companies to pay workers more without necessarily having to rais...
Jerry Knight