Wages Increase in June
Wages have reportedly risen sharply in June, which is flagging worries of inflation to financial analysts. The bad news is, that employers still are not hiring at the rate they need to to lower unemployment and get our economy going again.
The limited job growth and opportunities is related to overall rising energy costs, including the cost of gasoline, which has hit many retailers in the pocket book and prevented them from hiring for new jobs since many of them need to pay for gas for shipments and other shipping and freight costs.
Then there are the job cuts by department stores and other big retailers, home builders, and telecommunications companies that cut the hope for new job growth. There are other sectors such as health care though, who have been able to boost their payrolls, which accounts for the sharp increase in wages this month.
