White-collar workers are now taking pay cuts as employers start to get picky: Why the U.S. labor market may not be doing well

White-collar workers are now taking pay cuts as employers start to get picky: Why the U.S. labor market may not be doing well

At first glance, the US labor market appears healthy. According to the Bureau of Labor Statistics (BLS), the unemployment rate stands at 4.4%, a low level compared to historical standards (1.2). But behind that figure, a more worrying picture is forming for white-collar workers. And if you are currently employed, it is worth paying attention…

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A New York man wants to borrow from his 401(k) to pay off a ,000 debt. Dave Ramsey is against it, but this is where it makes sense

A New York man wants to borrow from his 401(k) to pay off a $33,000 debt. Dave Ramsey is against it, but this is where it makes sense

The Ramsey Show Moneywise and Yahoo Finance LLC may earn commissions or income through links in the content below. If you are in debt, you are not alone. Experian reports that the average American consumer pays $1,237 in monthly debt across their various obligations (1). Meanwhile, the median weekly earnings for American workers were $1,196…

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