U.S. employers added 172,000 jobs in May and the unemployment rate stayed at 4.3%, signaling a resilient labor market. The strong report comes as inflation and energy prices rise, complicating the Federal Reserve’s next interest rate decision.
Posts tagged as “Bureau of Labor Statistic”
Home Depot has announced a $1 billion investment in its hourly workers, raising their average starting salary to $15 an hour. This move comes in response to the current red-hot job market, where unemployment has reached its lowest level since 1969. Home Depot's decision to raise its starting pay follows similar moves by other large retailers such as Amazon, who announced in September that starting pay for warehouse and delivery workers would be more than $19 an hour. This increase will benefit all hourly workers in the U.S. and Canada.