Fed signals it plans to keep key interest rate at record low for considerable period

...it intends to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment and other gauges of the job market.The central bank retained language signaling its plans...

Speculation swirls around Fed meeting, interest rates

...the number of people unemployed for more than six months; the number of part-timers who want full-time work; and average wages. Those measures remain less than healthy.Whatever the Fed's intentions, some economists think it will make no major changes...

Volatile apartment sector reduces US home building

...homes are selling for an average price of $339,100, according to the Commerce Department. Those prices, coupled with weak wage growth, have made affordability a problem for potential buyers seeking a new home.But economists are still looking for a rebound...

Applications for US jobless benefits fall sharply

...said Jim O'Sullivan, chief U.S. economist at High Frequency Economics.Still, increased hiring has yet to lift most Americans' paychecks. Wage growth has barely outpaced inflation since the recession ended more than five years ago.

US homebuilder confidence soars in September

...But fewer homes are being purchased by first-time homebuyers.A mix of rising home prices, higher mortgage rates and meager wage growth has made it more difficult for would-be homebuyers to purchase a newly built home, particularly first-time buyers...

American Airlines agents approve union

...to convert all US Airways planes and people to the American Airlines brand.Negotiations on a contract covering the agents' wages and other items are expected to begin this fall.Separately, the mediation board on Tuesday approved the Allied Pilots Association...

About that raise... US execs feeling tight-fisted

...anytime soon. Forty-one percent of respondents see lower wages and benefits ahead; just 27 percent expect pay raises.The...competition among employers for workers and leads them to raise wages and salaries.The survey found that many companies are reluctant...

US retail sales rise in August on auto sales

...reluctance to spend has faded somewhat, even though their wages have yet to increase by much. The increase in retail sales...retail, which shed 8,400 jobs after gaining 21,000 in July.Wage gains have been sluggish since the recession ended in 2009 and...

Applications for US unemployment rise to 315K

...average of 215,000 jobs a month so far in 2014, up from 194,000 in 2013.Still, the added hiring has yet to lift most Americans' paychecks. Wage growth has barely outpaced inflation since the recession ended more than five years ago.

Not all airlines are soaring: Majors earn record profits while regional carriers struggle

...That's after applicants might spend more than $100,000 for education and flying time to qualify. Union officials say such low wages discourage many qualified pilots from signing up.The regional airlines blame the pilot shortage on a new federal rule that...