The U.S. jobless rate remained steady in December 2024. However, according to a pair of compensation studies released this month, current employees may have to wait a while before they receive the raises they might be expecting.
The U.S. Bureau of Labor Statistics reported on Jan. 28 that unemployment rates were predominantly stable in December across American states. The national unemployment rate for the month was 4.1 percent, increasing 0.3 percentage points from December 2023. The rate increased in six states and dropped in two, with no change in the remaining 42 states.
However, according to two surveys released this month, employees hoping for a sizeable pay raise this year may be disappointed….