The US labor market came in just a touch hotter than expected, adding 206,000 jobs in June. Meanwhile, the unemployment rate unexpectedly rose from 4.0% in May to 4.1% in June.
The US labor market came in just a touch hotter than expected, adding 206,000 jobs in June. Meanwhile, the unemployment rate unexpectedly rose from 4.0% in May to 4.1% in June.
It’s a bit misleading to only mention the federal baseline many states have higher minimums.
I currently live in one without a higher minimum wage and McDonald’s starting pay is $16, much more than it’s probably politically feasible to raise the federal minimum wage. $16 isn’t much but it’s a lot more than $7.25.