The latest jobs report showed a surprisingly strong hiring surge, with employers adding 242,000 jobs last month. But a pinch in earnings and hours disappointed those looking for a pickup in paychecks.
Most jobs added since the recession are going to workers either in the top third or the bottom third of income. Those in the middle are getting squeezed out — especially men.
Friday's jobs report showed tepid wage growth in April. Hours after its release, President Obama gave a speech arguing that a new trade deal would strengthen the labor market. Opponents disagree.
Aetna, the giant health insurance company, raised its minimum wage this month. CEO Mark Bertolini says he expects the raise will pay for itself through increased productivity.
Some big U.S. employers are giving their lowest-paid employees a raise. That's helped make low-wage workers one of the few segments of the workforce seeing an increase in pay.
The highest minimum wage in the nation just went into effect in Oakland, Calif. But what does that mean for young people and how are businesses making it work?
Almost all registered nurses are women, but men in the profession are paid more, a study finds. The differences were especially startling in outpatient settings and for nurse anesthetists.
A Commerce Department report shows paychecks are fatter, prices are leaner and Americans are saving more. Meanwhile, prices fell by 0.5 percent. That's helping consumers on the rebound from recession.
Most union members won't benefit from a higher minimum wage because they already earn far more than that. With membership declining, some union leaders fear collective bargaining is dead.
