Walmart pay raise shows labor market remains strong

The giant retailer Walmart on Tuesday said it will boost starting wages to as much as $16 an hour, pointing to ongoing strength in U.S. labor market that could make it harder for the Federal Reserve to fight high inflation. The retailer WMT is increasing pay for new workers in an effort to keep up…#walmart #federalreserve #wmt #targettgt

Source: Reuters: Health - January 24, 2023 Category: Consumer Health News Source Type: news