According to Towers Watson commentary regarding their 2014 compensation survey, the projected 3 percent pay raise in 2015 is a bit disappointing as the average employee is barely keeping ahead of inflation.
January's labor situation for the U.S. was more than just a single piece of good news, according to Bloomberg Business. The source said it marks a sea change in the labor market in which the middle class and working class are finally starting to get ahead. The unemployment rate increased slightly, but gains were still made across a variety of industries. Overall, economists noted that January's numbers show impressive economic strength.
Top Industry Articles See All »
- UK manufacturing industry set to expand in 2015TAGS:Western EuropeIndustrial
- Italy's employment situation improvesTAGS:Western Europe
- French unemployment shows signs of improvementTAGS:Western Europe
- More jobs being created in urban settingsTAGS:US Employment News
- German unemployment remains at a record lowTAGS:Western EuropeEU Employment News
- Global Talent Update - February 2015TAGS:AfricaAsiaEU Employment NewsMiddle EastUS Employment News
- Unemployment rate continues to decrease in Northern IrelandTAGS:Western Europe
- Nevada's solar industry takes offTAGS:Pacific USEnergy - Alternative
- Fewer U.S. residents applying for unemployment benefitsTAGS:US Employment News
- Is Montana the new high-tech hub?TAGS:Midwest US