Sentences with phrase «wage rate of»

The employee had been awarded damages of $ 15,000 for the discrimination based on her 10 years at a wage rate of $ 1.25 per hour.

Specifically, the Government proposes raising the current gross monthly income threshold at which full remission is available from # 1,085 to # 1,250 for a single person - broadly the gross income of a single person working full time on the current national living wage rate of # 7.20 per hour.

to fail or refuse to hire or to discharge any individual or otherwise discriminate against any individual with respect to his compensation, terms, conditions, or privileges of employment, because of such individual's age; to limit, segregate, or classify his employees in any way which would deprive or tend to deprive any individual of employment opportunities or otherwise adversely affect his status as an employee, because of such individual's age; or to reduce the wage rate of any employee in order to comply with this Act.

The SYEP pays the youth's wages at the current minimum wage rate of $ 9.70 and all applicable payroll and workers compensation taxes.

A lawyer for the state's department of labor, Pico Ben - Amotz, said the wage order it issued this summer — which followed recommendations of a three - member board convened by Gov. Andrew Cuomo — would eventually impose an hourly wage rate of $ 15 on employees of any fast food chain with more than 30 locations, be they in New York or elsewhere.

Not exact matches

In the U.S., unemployment is below the U.S. Federal Reserve's (Fed's) estimate of the «natural» rate that is consistent with stable wage growth, while unemployment rates in many other developed economies are rapidly approaching a similar point.

«Strong economic momentum and accelerating price and wage gains should lead to three more Fed rate hikes this year,» Kathy Bostjancic, head of U.S. macro investor services at Oxford Economics USA, wrote in response to the survey.

«The first thing to keep in mind is that, in some long run equilibrium, wage inflation should be equal to what the growth rate of productivity is — so how much workers can produce — and the increase in prices for the goods they produce,» he said at the UBS Greater China conference in Shanghai.

Instead, of rising wages, we've got the lowest real wage growth rate in 40 years:

While Las Vegas» 2016 GDP growth rate of 3.9 % was the seventh - highest among the 40 largest metro areas, the region's Q3 2017 average weekly wage of $ 898 was the fifth - lowest.

Miami fell in the middle on our metrics, with its 4.1 % February 2018 unemployment rate falling just above the average rate of 4.0 % among the 40 largest metro areas, and a Q3 2017 weekly wage of $ 963 just below the average of $ 1,095.

While Riverside's Q3 2017 average weekly wage of $ 848 was the lowest among the 40 largest metro areas, its non-farm payroll job growth rate of 3.9 % between February 2017 and February 2018 was the highest.

Indianapolis February 2018 unemployment rate of 3.4 % was the eighth - best among the 40 largest metro areas, but its Q3 2017 average weekly wage of $ 936 was the eighth - lowest.

New York's Q3 2017 average weekly wage of $ 1,305 and 2016 GDP per capita of $ 81,748 were both the sixth - highest among the 40 largest metro areas, but the region's 4.6 % unemployment rate in February 2018 was tied for eighth - worst.

As they won wage increases higher than the current rate of inflation they would, for a short time, gain real wage increases.

San Jose held the top position among the 40 largest metro areas in three of our five metrics: Its Q3 2017 average weekly wage of $ 2,297, 2016 GDP growth rate of 5.9 %, and 2016 GDP per capita of $ 126,820 were all best among the nation's big cities.

Atlanta's Q3 2017 average weekly wage of $ 1,067 was right in line with the average among the 40 largest metro areas of $ 1,095, and the region's 2016 GDP growth rate of 3.7 % was the eighth - highest.

Their unemployment rates go up even when the inflation - adjusted value of minimum wage declines, because macroeconomics swamps all.

Houston was one of just two of the 40 largest metro areas to experience a decrease in economic activity in 2016, with a GDP growth rate of -3.0 %, but its Q3 2017 average weekly wage of $ 1,187 was the seventh - best.

He made a crucial claim, new at the time, which today is taken for granted: That low unemployment spurs wage rises, those wage rises in turn spur inflation, and that inflation then spurs further wage rises down the line, for as long as the rate of inflation continues to grow.

San Francisco's Q3 2017 average weekly wage of $ 1,654, its February 2018 unemployment rate of 2.9 %, its 2016 GDP growth rate of 5.4 %, and its 2016 GDP per capita of $ 100,132 were all the second - best among the 40 largest metro areas.

FLSA mandates that non-exempt employees be paid at the rate of 1.5 times the hourly wage for every hour over 40 worked in a week.

In contrast, the workers most subject to cuts are unable, given their wage rates, to scrape together that level of financial freedom.

One is their baseline production cost data, which we've based on the existing minimum wage in Bangladesh of US$ 42 / month ($ 3,000 taka at the January 1, 2011 exchange rate).

One of my favorite statistics is pointed out by Jason Benderly, who suggests that households headed by a male adult with spouse present is a sector whose unemployment rate can be most consistently used to determine when wage pressure is beginning to rise.

«Boeing's book of business wasn't hurt by a little wage inflation or modestly rising interest rates or margin calls in the financial markets.»

Many of the policies that Barack Obama has advocated - the Affordable Care Act (ACA), banking reform, and changes to tax rates, the minimum wage, and regulations - make life more difficult for small - business owners.

A jobs number miss will bolster the case that the Fed should wait to raise interest rates until next year and perhaps calm fears of wage inflation.

The FOMC should remain data dependent and defer its first increase in policy rates until there are greater signs of wage or price inflation than are currently evident.

And if tomorrow's job report shows no signs of real wage growth (which is what economists predict it won't), the Fed's case for a rate hike will start to look more faith - based than empirically driven.

This is particularly significant in the context of the labor market, considering that inflation — and, by extension, wage inflation — is arguably the most important input for the Federal Reserve as it decides how quickly to raise interest rates.

Given the low unemployment rate, anecdotal evidence from a variety of companies, and alternative measures such as the Atlanta Fed wage tracker showing stronger growth, wage growth may not be back at precrisis levels, but the trend over the past year shows wages are certainly headed in the right direction.

In his job as an activist at the Center for Popular Democracy, Barkan led a successful effort to get Fed officials thinking more about low - income Americans as they conduct monetary policy, often arguing against interest rate hikes in the face of high underemployment and weak wage growth.

Powell in statements throughout the year, culminating with his recent Senate confirmation hearing, has been clear he sees little risk of inflation that would prompt the Fed to raise rates faster than expected, and takes weak wage growth as a sign that sidelined workers remain to be drawn into jobs.

On May 18, Swiss voters will decide if they want to introduce the world's highest minimum wage to their country where the cost of living is extremely high and the unemployment and poverty rates very l...

«This has created a level of certainty about wage rates both for employees who know they will be getting this particular wage increase, and for employers, who can plan for the increases,» Bishop says.

Vanguard says investors should pay more attention to low unemployment rates than GDP growth at this stage of the cycle for prospects of either higher spending for capital expenditures or wage pressures.

The U.K. had been expected to follow close behind the Federal Reserve in raising interest rates for the first time in nearly a decade, but with lower commodity prices and weak wage growth still keeping a lid on inflation, economists now think that the U.K. may not raise rates till 2017 — even though new data out Wednesday showed the employment rate hit a 45 - year high of 74 % in the three months to November.

«This is the period at which wage rates typically peak and is the best time to work and earn the most, even at the expense of present well - being, so as to have increased wealth and well - being later in life,» he says.

«High wage inflation data in the months ahead could cause a rapid reappraisal of the pace of Fed rate hikes.

NEW YORK, Feb 5 - The dollar rose against a basket of currencies on Monday as the U.S. bond market selloff levelled off after the 10 - year yield hit a four - year peak on worries that the Federal Reserve might raise interest rates faster to counter signs of wage pressure.

The data also shows that more women arrive in Canada as the spouses of economic immigrants or as non-economic newcomers or refugees and have lower employment rates and earn less than the average wage.

U.S. employers added the largest number of workers in nearly three years in November and wage gains picked up, a sign of economic strength that could draw the Federal Reserve closer to raising interest rates.

In February, the Bank of England cut its forecast for British wage growth, which Governor Mark Carney named as a key determinant of future interest rates in a speech at the start of the year.

Bond yields have been rising as interest rate expectations have been rising, and the wage number confirms signs of wage inflation.

The November 2015 average weekly wage of $ 1,073 was the second highest in the country, and was 5.6 % higher than the weekly wage in November 2014, the third highest wage growth rate.

Iowa's November 2015 unemployment rate of 3.4 % was the sixth lowest among the states and DC, and its average weekly wage grew 4.7 % between November 2014 and November 2015, the sixth - highest growth rate in the country.

Chief Executive Doug McMillon recently said the company would improve opportunities for workers, including getting the roughly 6,000 people who make the federal minimum wage of $ 7.25 an hour at its stores off that rate.

Continuing on the topic of jobs, raising the minimum wage beyond the $ 7.25 federal hourly rate is a key ballot initiative for this midterm cycle in several red states including Alaska, Arkansas, South Dakota and Nebraska.

Colorado's 3.6 % unemployment rate was well below the national rate of 5.0 % and its average weekly wage of $ 932 was above the national average of $ 871.