Data Shows , US Wages Falling , at a 'Striking' Pace.
Fox News reports that wage growth
in the United States has slowed
significantly over the past year. .
According to new data from Indeed,
wage growth is beginning
to near pre-pandemic levels. .
Indeed's wage tracker showed that salaries have had
a marked drop since January 2022, suggesting that
employers are seeing less competition for new hires.
The pace of deceleration
is striking. Posted wage growth
has fallen by almost 3 percentage
points over the past year, Nick Bunker, Indeed labor economist, via Fox News.
Fox News reports that the most pronounced
deceleration was found in low-wage sectors. .
Given the huge run-up in posted
wages for those sectors, wage growth
is still above its pre-pandemic pace.
How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.
After remaining historically tight throughout the last
year, the labor market is expected to continue slowing
in the coming months amid elevated interest rates.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
Despite this, job growth has
remained resilient, with employers
adding 275,000 jobs in February. .
At the same time, Labor Department
data shows that the unemployment
rate for the month also rose to 3.9%.
Credit: Wibbitz Top Stories Duration: 01:31Published
McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.
'The Independent' reports that McDonald's posted weaker-
than-expected results in the first quarter of 2024, as a result
of a boycott over the company's perceived support for Israel. .
'The Independent' reports that McDonald's posted weaker-
than-expected results in the first quarter of 2024, as a result
of a boycott over the company's perceived support for Israel. .
According to McDonald's, higher sales in the
United States helped the fast-food giant overcome
weakness in markets where the brand is being boycotted.
According to McDonald's, higher sales in the
United States helped the fast-food giant overcome
weakness in markets where the brand is being boycotted.
The company saw same-store sales rise by
1.9% worldwide between January and March,
below the Wall Street forecast of 2.1%.
Increased menu pricing and delivery demand
saw same-store sales in the U.S. increase by 2.5%.
In international markets, sales fell
by 0.2% for the first time since 2020.
Despite this, McDonald's said the company's revenue
increased 5% to reach $6.17 billion, while net income went
up 7% to $1.93 billion, in-line with Wall Street estimates.
'The Independent' reports that Muslim-majority
markets like Indonesia, Malaysia and the Middle East
have been boycotting McDonald's for months.
The boycotts started after a McDonald's franchise in
Israel announced in October that it would provide free
meals for Israeli troops amid the ongoing war in Gaza.
In the months since then, the company has tried to limit
the fallout by taking over all 225 McDonald's in the country
with the purchase of Alyonal Limited, its Israeli franchise.
Our hearts remain with
the communities and families
impacted by the war in the Middle East.
We abhor violence of any kind and
firmly stand against hate speech,
and we will always proudly
open our doors to everyone, McDonald's statement, via 'The Indepndent'.
Our hearts remain with
the communities and families
impacted by the war in the Middle East.
We abhor violence of any kind and
firmly stand against hate speech,
and we will always proudly
open our doors to everyone, McDonald's statement, via 'The Indepndent'
Credit: Wibbitz Top Stories Duration: 01:30Published
Bliken was speaking in Saudi Arabia ahead of a visit to Israel this week, in what will be his seventh to the Middle East since the Israel Hamas war started in October.
Credit: euronews (in English) Duration: 01:27Published
Yemen's Houthis attacked the Andromeda Star oil tanker in the Red sea en route from Russia to India. The vessel, involved in Russian trade, reported damages. The.. IndiaTimes
Rishi Sunak has arrived in Berlin where he is set to meet German Chancellor Olaf Scholz for talks on Wednesday. The topics of the meeting at the Chancellery will include mutual relations, the Russian war against Ukraine and the situation in the Middle East. It comes as Rishi Sunak met in Warsaw, Poland, on Tuesday with Prime Minister Donald Tusk and Nato Secretary General Jens Stoltenberg to discuss security.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Welcome to another episode of the International News Wrap, your ultimate destination for the latest global updates, brought to you exclusively by OneIndia. Amidst escalating violence in the Middle East and heightened tensions as Ukraine braces for a potential summer offensive by Russia, the world stage is rife with significant events. Today, we explore a diverse array of stories, from Sheikh Hamda’s directive to expedite salary payments for government employees in flood-stricken Dubai to the resignation of Israel's Military Chief. Stay tuned as we delve into the day's top international developments, ensuring you remain informed and up-to-date on global affairs.
#DubaiFlood #IsraelIranConflict #IsraelHamasWar #GazaConflict #DubaiRains #DubaiWeather #CrownPrinceSupport #UAE #GovernmentEmployees #EmergencyResponse #SevereWeather #GazaConflict #HumanitarianCrisis #MiddleEast #GlobalSecurity.
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Military hardware, including tanks, captured by Russia in Ukraine, are on display in Victory Park for a month-long open-air exhibition leading up to the country’s Victory Day celebrations.
Credit: euronews (in English) Duration: 01:02Published
A missile assault by Russia on Ukraine's Black Sea port city of Odesa resulted in at least five deaths and over 30 injuries, including children and a pregnant woman. The attack devastated residential buildings and critical infrastructure, with Ukrainian authorities confirming the indiscriminate nature of the assault.
#Odesa #russiaukrainewar #russiaukrainewartoday #russiaukrainewarupdate #russiaukrainewarnews #russiaukrainewarlive #Worldnews #Oneindia #Oneindianews
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A Russian missile strike has claimed the lives of at least four individuals in the southern Ukrainian city of Odesa, targeting a Gothic-style building known locally as the "Harry Potter Castle''. Even as night fell, the distinctive turrets of the structure continued to burn, with emergency services assessing the blaze as severe. Reports indicate that residents were caught off guard, as air raid alerts sounded only minutes before the strike, leaving them with insufficient time to seek shelter.
#RussiaUkraineWar #OdesaAttack #MissileStrike #HarryPotterCastle #UkraineUnderAttack #WarCrimes #InternationalConflict #MilitaryEscalation #HumanitarianCrisis #GlobalSecurity
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