Advertisement
YOU ARE HERE: LAT HomeCollectionsWages And Salaries
IN THE NEWS

Wages And Salaries

FEATURED ARTICLES
BUSINESS
November 19, 2013 | By Don Lee
  WASHINGTON -- U.S. labor costs grew at a slightly more subdued pace in the third quarter, as employers continued to hold the line on payment to workers -- a trend that doesn't bode well for consumer spending. Overall, employer compensation costs, which include wages, salaries and benefits, rose a seasonally adjusted 0.4% in the July-September period compared with the second quarter, when those costs increased 0.5%, the Labor Department said Tuesday. Third-quarter labor costs were up 1.9% from a year earlier, unchanged from the prior four quarters and just a tick above the annual rate of increase in the core consumer price index in recent months.
ARTICLES BY DATE
BUSINESS
November 19, 2013 | By Don Lee
  WASHINGTON -- U.S. labor costs grew at a slightly more subdued pace in the third quarter, as employers continued to hold the line on payment to workers -- a trend that doesn't bode well for consumer spending. Overall, employer compensation costs, which include wages, salaries and benefits, rose a seasonally adjusted 0.4% in the July-September period compared with the second quarter, when those costs increased 0.5%, the Labor Department said Tuesday. Third-quarter labor costs were up 1.9% from a year earlier, unchanged from the prior four quarters and just a tick above the annual rate of increase in the core consumer price index in recent months.
Advertisement
BUSINESS
June 15, 2004 | From Bloomberg News
Credit Suisse First Boston, which lost nine members of its technology banking team in February, promised to pay an average of almost $1 million each to about 50 bankers in its California offices, a person familiar with the matter said.
BUSINESS
October 29, 2011 | By Alana Semuels and Don Lee, Los Angeles Times
A labor market flooded with unemployed workers continued to keep a lid on wages and benefits in the last three months, even as consumers ramped up spending. Wages and salaries grew just 0.3% in the third quarter this year from the previous quarter, according to a government employment cost index. Benefits increased 0.1%, the slowest growth rate since 1999, according to employment cost data released Friday by the U.S. Labor Department's Bureau of Labor Statistics. "This report matches well with the picture of a U.S. economy slowly treading forward and employment making sloth-like progress," Gregory Daco, principal U.S. economist for IHS Global Insight, wrote in a note.
BUSINESS
July 3, 2004 | Richard Verrier, Times Staff Writer
Walt Disney Co. Chairman George J. Mitchell will receive an annual retainer of $500,000 in deferred stock, the company disclosed in a filing Friday. Mitchell's pay is retroactive to March 3, when the board tapped the former presiding director to take over as chairman. Disney Chief Executive Michael Eisner gave up the chairman's post after 45% of the voting shares withheld their support for his reelection to the board at the annual meeting.
BUSINESS
October 29, 2011 | By Alana Semuels and Don Lee, Los Angeles Times
A labor market flooded with unemployed workers continued to keep a lid on wages and benefits in the last three months, even as consumers ramped up spending. Wages and salaries grew just 0.3% in the third quarter this year from the previous quarter, according to a government employment cost index. Benefits increased 0.1%, the slowest growth rate since 1999, according to employment cost data released Friday by the U.S. Labor Department's Bureau of Labor Statistics. "This report matches well with the picture of a U.S. economy slowly treading forward and employment making sloth-like progress," Gregory Daco, principal U.S. economist for IHS Global Insight, wrote in a note.
BUSINESS
July 27, 1994 | From Associated Press
Compensation for American workers grew at a historically slow pace in the second quarter of the year, the government said Tuesday. The Labor Department's employment cost index provides the latest evidence that inflation remains in check, economists said. It shows that worker compensation rose at an annual rate of 3.2%, the same as in the 12 months ended March 30, which was the smallest increase on record. The report shows there is "no convincing sign" of inflation in the economy, said Robert G.
CALIFORNIA | LOCAL
May 24, 1986
It is suggested that a similar article be addressed to big business, and the rich, to forgo the many tax goodies and tax shelters which enable them to pay nothing or very little in federal taxes. Also ask the speculators in securities, commodities, real estate and other items to subject their capital gains at regular income tax rates as applied to wages and salaries. Ask those who sell their homes to forgo the $125,000 exclusion from income taxes and pay regular taxes on the gain.
CALIFORNIA | LOCAL
May 24, 2001 | OSCAR JOHNSON and BOB POOL, TIMES STAFF WRITERS
The Santa Monica City Council approved a long-debated "living wage" ordinance early Wednesday that would raise the hourly minimum pay to $10.50 for workers at an estimated 40 large businesses in the city's popular beachfront and downtown districts. Backers rejoiced over what experts say is a national precedent involving such a municipally approved wage increase for private industry and said the move will help hundreds of workers support their families.
BUSINESS
August 8, 2006 | Abigail Goldman, Times Staff Writer
Wal-Mart Stores Inc., which has been attacked over its pay and benefits, said Monday that it was raising starting wages at a third of its stores but capping the pay of veteran workers. The nation's largest private employer is rolling out an average pay increase of 6% for new hires at 1,200 Wal-Mart and Sam's Club warehouse stores nationwide, including some of its nearly 200 stores in California.
BUSINESS
December 11, 2009 | By Martin Zimmerman
The Obama administration, broadening its intervention in corporate pay practices, has imposed a $500,000-per-person cap on overall compensation for a swath of mid-level executives at four of the biggest recipients of federal bailout money. Kenneth Feinberg, the Treasury Department's so-called pay czar under the government's $700-billion Troubled Asset Relief Program, also mandated Friday that at least half of the affected employees' annual pay must be deferred for at least three years.
BUSINESS
June 25, 2009 | Hugo Martin
Tourism has surpassed international trade as Los Angeles County's top industry in a new ranking that reflects the growing effect of hotels, shops and restaurants as job creators in Southern California. "This just goes to show that tourism is not just touring the stars' homes and visiting Disneyland," said economist Jack Kyser, author of the report for the Los Angeles County Economic Development Corp. But the news also has a darker side.
ENTERTAINMENT
March 20, 2009 | Associated Press
The Atlanta Symphony Orchestra says it will reduce employee pay and freeze hiring over the next few months to help save $1.3 million. The symphony said Thursday it will reduce Chief Executive Officer Allison Vulgamore's pay by a minimum of 7% from April 3 through May 31, the end of the fiscal year. Vice presidents will take 6% cuts and all other employees will take 5% cuts. The estimated savings will come from those cuts plus previous cost-cutting measures. Symphony officials say full salaries will be reinstated June 1, but employees will take unpaid furloughs ranging from 13 to 18 days depending on their positions.
BUSINESS
March 19, 2009 | TIMES WIRE REPORTS
Gap Inc. says that its chairman and chief executive, Glenn Murphy, has volunteered to cut his annual salary 15% this year. The clothing chain is also eliminating merit-based salary increases for most employees at its headquarters in San Francisco. The company said it was reducing the size of the board to 10 members from 13. It is cutting the compensation for the remaining board members for 2009 by trimming both the annual cash payment and stock compensation 15%.
BUSINESS
July 26, 1989 | From Associated Press
Wages, salaries and other benefits rose 4.5% in the 12 months ending in June, the Labor Department said Tuesday in a report viewed by some economists as a sign that inflationary wage pressures may be peaking. The department's employment cost index measures movements in labor costs over the preceding 12 months. For the 12 months ending in March, the last time the index was issued, the increase was 4.6%. That figure was down from a 4.9% increase in the year ending in December.
BUSINESS
March 28, 1992 | ROBERT A. ROSENBLATT, TIMES STAFF WRITER
Personal incomes increased in February at the strongest pace in three years, and consumer spending jumped sharply, offering encouragement that an economic recovery is underway, the Commerce Department reported Friday. Incomes, including wages and salaries and farm subsidies, rose by 1.1%, the biggest monthly increase since January, 1989. Because consumer spending accounts for two-thirds of business activity, more money in consumers' hands will help generate new jobs in an expanding economy.
Los Angeles Times Articles
|