The Employment Cost Index is a quarterly series published by the U.S. Bureau of Labor Statistics that tracks movement in the cost of labor, as measured by wages and benefits, at all levels of a company. Wages track the amount employers pay in salaries and hourly labor, while benefits measure a combination of health insurance, paid time off, and retirement …
Unemployment Rate
The US Unemployment Rate measures the percentage of total employees in the United States that are a part of the labor force but are without a job. It is one of the most widely followed indicators of the health of the US labor market and economy. Historically, the US Unemployment Rate reached as high as 10.80% in 1982 and 9.9% …
Why Won’t Big Bad Wal-Mart Pay Their Employees?
Walmart has been the easy target during the last twelve months as activists push for an increase in minimum wage. Why wouldn’t they be, right? They bring in billions of dollars while paying some of their workforce minimum wage- surely they can afford to cover the costs of an extra dollar or two per hour for those employees, right? As …