SALT LAKE CITY — Americans on average earned 6 cents more every hour in January than a year ago, according to the Bureau of Labor Statistics.
For all employees on private, non-farm payrolls, this was a .2 percent increase hourly in the month of January. Over the past year, it has risen .6 percent.
While earnings increased slowly, inflation stayed the same when seasonally adjusted, according to an article by MarketWatch. It was anticipated to rise .1 percent. This is good news when buying food and paying energy costs, because the costs stayed about the same. This month, housing and clothing costs did rise, however.
“Inflation remains a back-burner problem, trumped by slow growth and the lackluster job market,” Jim Baird, chief investment strategist at Plante Moran Financial Advisors, told MarketWatch.
- How one woman unplugged from technology for...
- What it takes to be middle class in each state
- It can cost you $12,000 a year to buy...
- Why college matters more today than 20 years ago
- Renovation Solutions: 5 signs it is time to...
- Don't be surprised if you find your boss...
- Kids learn the ABCs of managing money
- Dave Ramsey says: Don't be ashamed of...
- Dave Ramsey says: Don't be ashamed of... 17
- What could McDonald's do to fix its... 11
- How one woman unplugged from technology... 6
- Joseph Cramer, M.D.: A different view... 6
- Are you ready to start using a digital... 5
- How much money should you be saving... 4
- It can cost you $12,000 a year to buy... 4
- Michelle Singletary: Credit can be... 3