As companies compete for workers, pay has been rising faster than it has in years. Last month, the average hourly wage in the US rose to $31.95 (£25.50) last month – up 5.2% compared to a year ago. However, pay growth is failing to keep up with the rising cost of living and slowed in May for a second month in a row.
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Ukraine war: L’Occitane U-turn as it closes Russian shops
admin, , Business, 0
“Given the enormous human suffering being caused by escalating military action in Ukraine and to protect our employees worldwide...
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Russia on brink of default as debt deadline looms
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“They have not got it,” says Jay Auslander, a US lawyer who has worked on many government debt cases....
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UK unemployment rate continues to surge
admin, , Business, 0
Suren Thiru, head of economics at the British Chambers of Commerce, said: “While there was a rise in the...
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Hospitality sector ‘anxious’ over summer staffing
admin, , Business, 0
“I am very sceptical about a skills-based immigration policy because we have no shortages in those areas, but where...
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Passport price to rise for second time in 14 months
admin, , Business, 0
In the aftermath of the Covid pandemic hundreds of thousands of people were affected by passport processing delays, with...
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CF Industries: Government to meet CO2 firm’s costs to start plant
admin, , Business, 0
Now, there is a three week window for government, supermarkets and food producers to come up with a “sustainable...
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Accountancy giant KPMG to recruit more working class staff
admin, , Business, 0
The UK ranks 21st on a global social mobility index, well behind most European countries. It has a high...
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Bernie Sanders announces Amazon safety investigation
admin, , Business, 0
The Senate investigation follows the increased scrutiny Amazon has faced over its treatment of workers since the pandemic, when...
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