The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Pay for newly hired workers is dropping after adjusting for inflation. As the Fed weighs rate cuts this week, it's a sign of ...

We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell ...

Workers’ wages will take longer to recover from inflation than previously expected, as actual prices rose more than projected ...

It’s hard to imagine how an adult can pay for housing ... on raising the minimum wage over the years. In 2016, he said he wanted to raise the federal rate to at least $10 but later said minimum ...

According to the report, which compiles a variety of statistics from state and federal economic agencies, Montanans’ personal ...

The Department for Professional Employees, a trade department of AFL-CIO, the largest labor federation in the U.S., has put ...

US President Joe Biden announced an average pay raise ... wage growth in the labour market and fiscal constraints." Growing optimism around September rate cuts by the US Federal Reserve as it ...

SALT LAKE CITY — The state's economy continues to be strong, leaders of the Utah Legislature were told Tuesday.

The Federal ... to wage growth, which is a signal of how hard companies are competing to hire. If the job market is roaring and employees are hard to come by, businesses tend to pay up to lure ...

Boeing and union negotiators will return to the bargaining table early next week, U.S. federal mediators said on Friday, as ...