‘Reservation Wage’ Reaches New High

The base salary level that American workers demand before accepting a new job rose to a new high this year, due to persistent inflation. The New York Federal Reserve reported in its July employment survey on Aug. 21 that the average “reservation wage,” or the minimum acceptable wage that workers will take to switch jobs,Read More

Producer prices climb 6.6% in May on annual basis, largest 12-month increase on record

PUBLISHED TUE, JUN 15 20218:34 AM EDTUPDATED TUE, JUN 15 202111:17 AM EDT Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM Producer prices rose at their fastest annual clip in nearly 11 years in May as inflation continued to build in the U.S. economy, the Labor Department reported Tuesday. The 6.6% surge was the biggest 12-month rise in the final demandRead More

Cold weather depresses U.S. consumer spending; inflation is muted

PUBLISHED FRI, MAR 26 20218:31 AM EDT UPDATED FRI, MAR 26 20219:44 AM EDT U.S. consumer spending fell by the most in 10 months in February as a cold snap gripped many parts of the country and the boost from a second round of stimulus checks to middle- and lower-income households faded, though the declineRead More