Day: October 29, 2021

AP News (10/29/2021) Rugaber, Christopher “Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs.” Use this link to see the full article: Wages Jump by the Most on Records Dating Back 20 Years

MarketWatch (10/29/21) Buchwald, Elisabeth The cost of employing the average employee increased 1.3% in the third quarter, according to the federal government. Economists surveyed by the Wall Street Journal had anticipated a 0.9% advance. Compensation rose 3.7% over the past 12 months, based on unadjusted data. Wages—comprising about 70% of employment costs—climbed 1.5% after increasing 0.7% in the second quarter. Over the past 12 months,