Jun 2, 2017

Americans are staying out of the labor force for lack of benefits

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Wages for typical workers are rising at their fastest rate in a decade

Construction workers holding a rally in the Bronx. Photo: Erik McGregor/LightRocket via Getty Images

Wages for nonsupervisory employees — who make up 82% of the workforce — are rising at the fastest rate in more than a decade, the Wall Street Journal reports.

Why it matters: It indicates that the benefits of a tightening labor market and a time of historically low unemployment rates are finally being passed along to most workers.

Go deeperArrowDec 27, 2019

Robert Lighthizer tells Mexico: USMCA "attachés" are not "labor inspectors"

U.S. Trade Representative Robert Lighthizer. Photo: Rodrigo Arangua/AFP via Getty Images

U.S. Trade Representative Robert Lighthizer said in a letter to a top Mexican trade negotiator Monday that the full-time diplomats, or attachés, designated to uphold labor standards in the version of the United States-Mexico-Canada Agreement (USMCA) sent to Congress are not "labor inspectors."

Why it matters: Mexico’s Undersecretary for North America Jesús Seade flew to Washington on Sunday to confront U.S. officials over the inclusion of language that would appoint attachés to implement labor reform in Mexico, accusing the Trump administration of blindsiding them. The intervention has thrown a wrench in the House's tentative plan to vote on the North American trade deal on Thursday.

Go deeperArrowDec 16, 2019

U.S. economy adds 145,000 jobs in final report of 2019

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. economy added 145,000 jobs in December, the government said on Friday, below economists’ expectations of 160,000. The unemployment rate held at 3.5% — a 50-year low — while wages grew 2.9% from a year earlier, the smallest gain since July 2018.

Why it matters: The U.S. job market held up in the final month of 2019, but heads into the election year with a slowing pace of job creation and wage growth.

Go deeperArrowJan 10, 2020