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June 16, 2022
Real average hourly earnings for all employees on private nonfarm payrolls decreased 3.0 percent from May 2021 to May 2022. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 3.9-percent decrease in real average weekly earnings over this period. The Consumer Price Index for All Urban Consumers (CPI-U) rose 8.5 percent for the year ending May 2022.
read full article »June 15, 2022
Software developers (with employment of nearly 1.4 million), project management specialists (743,860), and school bus drivers (361,420) were among the largest newly defined occupations in the 2018 Standard Occupational Classification (SOC) system. These were among more than 50 occupations for which employment and wage estimates were published for the first time in the May 2021 Occupational Employment and Wage Statistics data.
June 14, 2022
From May 2021 to May 2022, the Consumer Price Index for All Urban Consumers increased 8.6 percent, the largest 12-month increase since the period ending December 1981.
June 13, 2022
Employer-provided student loan repayment benefits were available to 4 percent of civilian workers in March 2021.
June 10, 2022
The unemployment rate for foreign-born workers decreased from 9.2 percent in 2020 to 5.6 percent in 2021. The unemployment rate for native-born workers followed a similar pattern, declining from 7.8 percent in 2020 to 5.3 percent in 2021. In 2021, both unemployment rates remained above their pre-pandemic rates in 2019.