Pay increases speed up in the first quarter
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 30 April 2024
⏱️ 1 minutes
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Summary
Stocks fall; wage increases could be putting pressure on prices; consumer confidence declines; home prices rise.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks closed down on Tuesday. The |
| 0:07.4 | Dow lost 1.5%, the S&P fell almost 1 and 6 10% percent, and the NASDAQ dropped more than 2 percent. |
| 0:15.3 | Compensation for workers rose in the first quarter of this year at a faster rate than the |
| 0:19.1 | previous quarter. |
| 0:20.1 | That's according to the Labor Department. |
| 0:22.1 | Wages, salaries, and benefits were up almost 5% from the same time a year ago. |
| 0:27.0 | That could be one reason why inflation has been difficult to bring down this year. |
| 0:31.0 | That said, consumers surveyed by the conference board were more pessimistic about the labor |
| 0:35.7 | market this month than in March. |
| 0:38.1 | Fewer people said they expect their incomes to go up, and more expect job openings to fall. |
| 0:44.4 | And home prices rose 4 tenth percent in February from the month before, according to the |
| 0:48.4 | S&P CoreLogic K Schiller National Home Price Index, it says home prices are at or near all-time highs in several |
| 0:55.6 | parts of the US. |
| 0:57.6 | I'm Justin Ho with a Marketplace Minute. You're going to. |
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