wages

New Starbucks CEO Narasimhan Aims to Mend Relations With Workers
New Starbucks CEO Narasimhan Aims to Mend Relations With Workers
September 27, 2023  |  Personnel

Before becoming CEO of Starbucks, Laxman Narasimhan worked as a barista at one of its stores. This isn’t a rags-to-riches story. The six months Narasimhan...

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Consumer Confidence Data Points to Worries Over Income and Possible Recession
Consumer Confidence Data Points to Worries Over Income and Possible Recession
September 26, 2023  |  Consumer Insights

Consumers are less than sanguine about their near-term income prospects. The negative sentiment about the money that’s hitting their accounts each pay cycle may in...

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Amazon Plans to Hire 250,000 Employees for Holiday Season
Amazon Plans to Hire 250,000 Employees for Holiday Season
September 19, 2023  |  Retail

Amazon plans to hire 250,000 employees across the United States for the holiday season. In addition, with a $1.3 billion investment, Amazon aims to increase the...

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Consumer Expenditures Leap 9% in 2022 as ‘Everyday’ Spend Grows Faster Than Income
Consumer Expenditures Leap 9% in 2022 as ‘Everyday’ Spend Grows Faster Than Income
September 08, 2023  |  Economy

The year 2022 marked a continued emergence from the pandemic, and new data show just how much — and how fast — we spent our...

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Retail Industry Faces Resignation Rate Surge Among Part-Time Workers
Retail Industry Faces Resignation Rate Surge Among Part-Time Workers
September 08, 2023  |  Retail

Turnover among part-time employees in the retail industry has reportedly skyrocketed since the pandemic. Before 2020, the turnover rate stood at around 75%. Since then,...

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Report: Walmart Pay Cuts for New Hires Reflect Cooling Job Market
Report: Walmart Pay Cuts for New Hires Reflect Cooling Job Market
September 07, 2023  |  Walmart

Walmart has reportedly begun paying some new store workers less than it would have three months ago. This change to the wage structure for hourly workers at the...

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5 Things to Know About the US Consumer as Spending Outpaces Income
5 Things to Know About the US Consumer as Spending Outpaces Income
August 31, 2023  |  Consumer Finance

We’re spending money as fast as we can make it — and even faster, it seems. The latest government release from the Bureau of Economic...

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Job Growth in U.S. Moves from ‘Exceptional’ to ‘Sustainable’
Job Growth in U.S. Moves from ‘Exceptional’ to ‘Sustainable’
August 30, 2023  |  Economy

American employers added fewer jobs than anticipated in August, according to new findings from ADP. The research group said in a news release Wednesday (Aug. 30) that private...

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Analysts: July Jobs Report Suggests Possibility of Economy’s Soft Landing
Analysts: July Jobs Report Suggests Possibility of Economy’s Soft Landing
August 04, 2023  |  Economy

Healthcare, social assistance, financial activities and wholesale trade led the country’s job gains in July. A total of 187,000 nonfarm payroll jobs were added during...

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