1851

Worker wages and salaries rose 3.1 percent over the last year, marking the biggest gain in a decade according to a U.S. Labor Department report cited by <a href="https://www.cnbc.com/2019/01/31/worker-wage-gains-break-3percent-for-the-first-time-in-more-than-10-years.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=american-wages-just-rose-3-percent-for-first-time-since-2008-2709044" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">CNBC</a> today.

When taking employee benefits costs into account, the Bureau of Labor Statistics&rsquo; employment cost index rose 2.9 percent in the fourth quarter of 2018, which, like the aforementioned wages and salaries increase, also tied for the biggest gain since the third quarter of 2008&mdash;when the financial crisis was at its worst, according to the article.

The article reports that policymakers at the Federal Reserve watch the index for signs of wage inflation pressures. According to the article, the Federal Open Market Committee released a statement Wednesday saying that &quot;market-based measures of inflation compensation have moved lower in recent months&quot; though &quot;survey-based measures of longer-term inflation expectations are little changed.&quot; The article indicates the committee voted not to increase the Federal Reserve&rsquo;s benchmark interest rate at this time.

Read the full CNBC article <a href="https://www.cnbc.com/2019/01/31/worker-wage-gains-break-3percent-for-the-first-time-in-more-than-10-years.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=american-wages-just-rose-3-percent-for-first-time-since-2008-2709044" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">here</a>.

wages, salaries, business, increase, inflation, recession, financial crisis

American Wages Just Rose 3 Percent For First Time Since 2008

1851 Franchise

The gain mirrors the wage increase during the worst quarter of the financial crisis

american-wages-just-rose-3-percent-for-first-time-since-2008

Fresh Coat

Photo of Fresh Coat vehicle with ladders on top

The Rise of Home Improvement Franchises: Why Now Is the Time to Invest

why-invest-home-improvement-franchise-fresh-coat

HomeTeam Inspection Service

Photo of HomeTeam inspector in red polo and khaki pants, walking by branded vehicle

Real Estate Today: Behind the Drywall: The Truth About Home Inspections

purpose-of-home-inspection

Dog Training Elite

Dog Training Elite Franchise - DTE - National Service Dog Month - 1851 Franchise

Celebrating Service Dogs: Why Proper Training Changes Lives — And How Dog Training Elite Is Leading the Way

dog-training-elite-national-service-dog-month

Senior Care Authority

How This Senior Care Authority Franchisee Turned Love for His Grandparents Into a Lifelong Calling

how-this-senior-care-authority-franchisee-turned-love-for-his-grandparents-into-a-lifelong-calling

Hometown News: Like Father, Like Son — Family-Run Inspection Business Blends Generations of Expertise and a Keen Eye for Detail

father-son-home-inspection-franchise-florida

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Design with American and Federal Reserve flags against light blue background

Federal Reserve Expected To Cut Rates by Quarter Point, a Move That Could Boost Franchise Growth

fed-rate-cut-boosts-franchise-growth

Potbelly to be Acquired by RaceTrac in $566 Million Deal 

racetrac-acquires-potbelly-in-566-million-deal

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

Caribou Coffee Names Scott Kennedy CEO, Eyes Continued Growth

caribou-coffee-names-scott-kennedy-ceo-eyes-continued-growth

McDonald’s Launches New Extra Value Meals as Consumer Demand for Value Continues to Climb

mcdonalds-launches-extra-value-meals

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Friendly’s Parent Company Acquired by Multi-Unit Franchisee as More Owners Take the Lead in Brand Acquisitions 

friendlys-parent-company-acquired-by-multi-unit-franchisee-as-more-owners-take-the-lead-in-brand-acquisitions

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo

American Wages Just Rose 3 Percent For First Time Since 2008

MORE STORIES LIKE THIS