Pay increases are still outpacing inflation
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 31 October 2023
⏱️ 2 minutes
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Summary
Wages and benefits in Q3 rose 4.3%; consumer confidence weakened for third straight month; home prices rose 2.6% in August; U.S. sues SolarWinds over 2020 hack.
Transcript
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| 0:00.0 | This marketplace podcast is supported by principal financial group. |
| 0:04.4 | Facts are facts. |
| 0:06.1 | Employees want to feel financially secure in their future. |
| 0:09.7 | In fact, according to a 2023 study by principal, 87% of employers say that better |
| 0:15.8 | employee financial security means employees are engaged and productive at work. |
| 0:21.6 | At principal, they help you invest in your people. |
| 0:24.8 | And when you take care of your team, they take care of business. |
| 0:28.9 | Learn more at principal.com slash benefits. |
| 0:32.3 | Products and services offered by member companies of the principal financial group Des Moines, Iowa. |
| 0:37.2 | For important information, visit principal.com slash disclosures. |
| 0:42.4 | Hey, is still rising faster than prices. |
| 0:45.5 | I'm Novosafa with the marketplace minute. |
| 0:47.8 | The labor department says wages and benefits in the three months ending in September grew by 4.3% |
| 0:54.3 | compared to the same period a year ago. |
| 0:56.6 | Inflation is at around three and a half percent. |
| 0:59.2 | Still, the federal reserve is looking to slow pay increases to meet its inflation target. |
| 1:04.9 | Consumers drew less confident about the economy this month, mainly due to rising grocery and gas prices. |
| 1:10.4 | The consumer confidence index declined for the third straight month. |
| 1:13.7 | But more respondents said their family financial conditions were good. |
| 1:18.6 | Home prices increased in August up to and a half percent on an annual basis, |
| 1:23.2 | according to the S&P Core Logic Case Shiller National Home Price Index. |
| 1:28.0 | The US government is suing solar winds whose IT software Russian hackers penetrated in 2020, |
... |
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