Real average hourly earnings for all employees decreased 3% from September 2021 to September 2022
Inflation continues to be the biggest problem confronting the U.S. economy.
There was one bit of good news from the report: Social Security recipients will be getting a BIG raise next year. For those who are still working, average hourly earnings as of September were up 5% annually, which means that most are not keeping pace with even the core rate of inflation, let alone the headline rate.
For example, the range of income on which tax rates are applied could expand, helping some earners shield some of their income from the next tax bracket. Conversely, there are many workers who will see more of their pay subject to the 6.2% Social Security tax.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
We Need to Stop Calling Far-Right Extremists ‘Conservatives’OPINION | Trump radicals are besmirching the good name of real conservatives.
Les mer »
Islanders’ offense struggles in loss to Panthers as skid extends to threeIt’s only six games into the season, but already the Islanders are facing real adversity.
Les mer »
Inside Michigan's $30 million lottery scamA local real estate broker was buying hundreds of lottery tickets a day.
Les mer »
Does Pic Show Milky Way Galaxy Framed By Karnak Egyptian Temple?The image was debunked in 2021 by Juan Carlos Muñoz-Mateos, media officer for the European Southern Observatory.
Les mer »
Is there anything beyond the universe?The universe is constantly expanding... but what could be lying beyond the edge of it?
Les mer »
Real estate update: 16 charts that show where home sales are headed in TucsonFind out how home sales have changed recently, which areas have the most home listings, plus the average sale price and more with these charts and maps.
Les mer »