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The jobs report was expected to show that the unemployment rate held at a 49-year low for a third straight month.
Wage growth is picking up, and the jobs report showed a new postrecession milestone for Americans' paychecks.
Larry Kudlow, Trump's economic adviser, said the federal minimum wage doesn't make sense and corporate tax cuts are the best way to boost pay.
The low unemployment rate shown in Friday's jobs report added to evidence of a booming economy, now in a record eighth straight year of monthly job gains. It also showed the labor market continuing to tighten, perhaps eventually pressuring companies to pay workers more.
Low unemployment should mean fast wage growth, but we haven't seen that in recent years. Three economists shared their insights with Business Insider as to why pay hasn't gone up much. The leading reason: Companies are prioritizing shareholder interest over their employees.
The Office for National Statistics released its monthly snapshot of the state of the UK's jobs market and unemployment rate on Tuesday. Here's how things looked.
A new study found CEOs at America’s biggest companies raked in $19 million on average last year, while workers’ pay barely budged
A new study by the Economic Policy Institute found that CEO compensation jumped 17.6% in 2017, while compensation for the average worker increased just 0.3% from the year before. CEO compensation has outpaced the stock market, worker pay, and even incomes for the top 0.1% over the past 30 years.
Bernie Sanders has a new plan to raise wages, and it’s a major signal on where the Democratic Party is headed
Sen. Bernie Sanders and other Democratic senator introduced a plan to strengthen labor unions on Wednesday. Sanders said the plan, named The Workplace Democracy Act, would help boost worker wages and combat income inequality.
The April jobs report showed lower than expected wage growth, meaning that the GOP tax law has not helped boost American worker's pay. The slow wage increase is worrisome for the Republican party's 2018 midterm prospects.