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OTC Markets Group Welcomes Mongolian Mining Corporation to OTCQX
Erdene Resource Development Corp. Closes 2nd Stage of Strategic Alliance With Mongolian Mining Corp, Reports Q1 Results
How can the wage increase of American enterprises catch up with inflation in response to the labor shortage?
As the U. S. economy recovers from the past, companies, large and small, are raising wages to attract and retain employees. But the increase in income was largely offset by rising inflation. In fact, after adjusting for inflation, wages in the US are lower than they were in December 2019, according to Jason Furman, a professor of economics at Harvard University. The employment cost index fell last quarter and is 2% lower than the pre-pandemic trend if inflation is taken into account. "the overheating economy has pushed up prices more than wages," Furman said. " Employment cost
The report says the US minimum wage cannot afford to rent anywhere.
The housing market in the United States has become so expensive that minimum wage earners cannot afford to pay rent anywhere in the United States, according to a new report. Currently, the federal minimum wage in the United States is $7.25 per hour. Full-time workers earning a minimum wage cannot afford to rent a two-bedroom apartment in any state, county or city, and they cannot afford an one-bedroom apartment in 93 per cent of counties, according to a report by the National Federation of low-income Housing (National Low Income Housing Coalition). The alliance believes that if the rent is lower than
“Scary data” also blew up: US retail sales unexpectedly fell 1.3% in May, why did the market have no reaction?
Original title: “Scary Data” was also outraged: US retail sales unexpectedly fell 1.3% in May, why did the market have no reaction? Source: FX168 US East of the United States at 8:30 on Tuesday. The latest report from the US Department of Commerce showed that the monthly rate of retail sales in the US fell 1.3% in May and recorded a negative value again after a lapse of three months, far falling short of the expected 0.7% drop. The previous value was revised to 0.9%. Furthermore, the monthly rate of core retail sales in the US fell 0.7% in May, falling short of the expected increase of 0.2%. (Image source: Zero Hedge) Looking at disaggregated data, motor vehicle sales declined due to chip shortages
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