Minnesota Finally Seeing Wage Growth

The state's annual unemployment rate looks to be headed toward 3.8 percent, joining 2015 and 2016 on the list of the 10 lowest annual jobless rates.

Wages and Inflation in Minnesota

Paul CPI-U beginning sharp growth trends in March 2021, while the wage growth trend did not appear until May 2021 (in fact, both U.S. and Minnesota private ...

Minnesota posts largest monthly job gain in two years - Star Tribune

“Over the last several months, we have seen strong wage growth in Minnesota,” said Angelina Nguyen, DEED's labor market information director. “ ...

Minnesota continues to see increase in jobs - Northern News Now

“It's positive to see ...

Wages are rising twice as fast as inflation — and other labor news

Wages have risen twice as fast as inflation on average over the past year in Minnesota, which has pushed workers' buying power back to where it was before ...

Wage growth outpacing inflation this year in Minnesota - Star Tribune

“If you compare those two figures, that means wage increases outpaced inflation by 1.9% over the year, which ultimately is good news for ...

Fastest wage growth over the last four years among historically ...

Nominal wages (i.e., not inflation-adjusted) rose by roughly 34% cumulatively since 2019. Across the wage distribution, we see the pace of wage ...

Bill would increase minimum wage to $15, eventually $20

A bill in the Minnesota Legislature would increase the state minimum wage to $15, and increase every year until it reaches $20 in 2028.

Is wage growth sustainable? Evidence from real wage growth ...

However, so far in 2024 workers in cities are again seeing their wages grow faster than those elsewhere (Figure 4), although that growth is ...

Workers' Paychecks Are Growing More Quickly Than Prices

Data from November 2023 show that 57 percent of workers' wages grew, on an annual basis, more quickly than inflation since November 2022. (see ...

Minnesota has highest median wage in Midwest — and other labor ...

Minnesota is one of the best states to be a worker, with relatively high wages, strong wage growth, high labor force participation, high rates ...

Employment Cost Index - September 2024 - Bureau of Labor Statistics

Inflation-adjusted (constant dollar) wages and salaries increased 1.2 percent for the. 12 months ending September 2024. (See charts 3, 4, and ...

Workers are finally seeing real wage gains, but millions still struggle ...

The average worker earned an average hourly wage of $28.96 in July, an increase of 4.8% from a year ago, according to government data.

Americans' wages are finally outpacing inflation. Here's why it ... - CNN

Annual real weekly wages were up 0.6% last month, a rate that's a tick below the 0.7% gain seen in February 2020. June also marked the second ...

Wage growth is now outpacing inflation in Minnesota but still hasn't ...

"If you compare those two figures, that means wage increases outpaced inflation by 1.9% over the year, which ultimately is good news for ...

Americans' Wages Are Higher Than They Have Ever Been, and ...

This high employment has helped spur continued inflation-adjusted wage growth, boosting wages to record highs. Wages have outpaced inflation ...

Minimum Wage Tracker - Economic Policy Institute

Annual increases to the state's base minimum wage are based on the March-to-March change in the CPI-U, U.S. city average, rounded to nearest 5 cents. Nonurban ...

Wage growth vs inflation U.S. 2024 - Statista

In September 2024, inflation amounted to 2.4 percent, while wages grew by 4.7 percent. The inflation rate has not exceeded the rate of wage ...

Employment in Minnesota fell for the fifth straight month in ...

Last week, Minnesota's media reported: KEYC: DEED: Minnesota adds 6300 jobs in September KNSI: Minnesota Sees Job Gains, Strong Wage Growth ...

Fed researchers: $15 minimum wage in Minneapolis and St. Paul ...

Take Minneapolis' retail sector, for example: The minimum wage increase led to 28% fewer retail jobs than researchers would've expected from a ...