Federal Reserve officials have been saying for a few months that the labor market is not adding to ... Most likely because higher minimum wages kicked in in a number of states.

Now, a tight labor market could give these employees unprecedented ... open to worker-friendly causes — like a national $15 minimum wage — than his predecessor, but a vote on such measures ...

The U.S. economy is operating at "full employment," said Betsy Stevenson, economic professor at the University of Michigan. That translates into 'as good as it gets.' There were signs of building wage ...

As of 2023, the Bureau of Labor Statistics reported just 1.1% of U.S. workers earn the federal minimum wage. The other 99% earn more, due to market forces and state minimum wages. “The federal ...

But while those gains may show just how tight the labor market is ... And federally mandated wages still remain low, especially as talks to increase the federal minimum wage continue to stall.

The federal minimum wage in the United States is $7.25 per hour as of 2025 unless the worker falls into a category that's specifically exempted from the Fair Labor Standards Act (FLSA).

Jack Kelly covers career growth, job market and workplace trends. California's new law raising its minimum wage to $20 per hour ... To offset increased labor costs, business owners could quickly ...