Below, EPI senior economist Elise Gould offers her insights on today’s release of the jobs report for November. Read the full thread here.   It's a big #NumbersDay!! Latest #EconSky data says the labor market is still going strong. After the softer numbers in October from the weather and striking workers, November bounces back with…

Working Economics Blog

10.12.2024

Nearly half of U.S workers will live in states with at least a $15 minimum wage by 2027: Alaska and Missouri became the latest states to enact a $15 minimum wage | Economic Policy Institute

In the 2024 election, Alaska and Missouri voters approved ballot measures to increase their state minimum wages to $15 an hour in the coming years. This means that now 15 states and Washington D.C. either have or will have minimum wages of at least $15 an hour. In addition, four more states will likely reach…

Working Economics Blog

12.12.2024

Wage inequality fell in 2023 amid a strong labor market, bucking long-term trends: But top 1% wages have skyrocketed 182% since 1979 while bottom 90% wages have seen just 44% growth | Economic Policy Institute

Wage inequality fell for the second year in a row in 2023 but still remains extremely high, according to our analysis of newly available wage data from the Social Security Administration (SSA). Average real earnings mostly held steady in 2023 (–0.1%) as inflation receded, but there were significant differences across the earnings distribution. The bottom 90% experienced…

Working Economics Blog

18.12.2024

Over 9.2 million workers will get a raise on January 1 from 21 states raising their minimum wages | Economic Policy Institute

Twenty-one states will increase their minimum wages on January 1, raising pay for more than 9.2 million workers by a total of $5.7 billion. In addition, 48 cities and counties will raise their minimum wages above their state wage floors, mostly in California, Colorado, and Washington. The January 1 increases show that the minimum wage…

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Labor market bounced back in November: Job growth has averaged 173,000 in the last three months | Economic Policy Institute

Nearly half of U.S workers will live in states with at least a $15 minimum wage by 2027: Alaska and Missouri became the latest states to enact a $15 minimum wage | Economic Policy Institute

Wage inequality fell in 2023 amid a strong labor market, bucking long-term trends: But top 1% wages have skyrocketed 182% since 1979 while bottom 90% wages have seen just 44% growth | Economic Policy Institute

Over 9.2 million workers will get a raise on January 1 from 21 states raising their minimum wages | Economic Policy Institute

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