The region boasts a tight 4 percent unemployment rate and businesses, including small...
Federal Reserve Chair Jerome Powell attends a Central Bank Symposium at the Grand Hotel in Stockholm, Sweden Tuesday, Jan. 10, 2023. Senior central bank officials and prominent academics participated in four panels that address central bank independence from various angles – climate, payments, mandates and global policy coordination. Wage growth is slowing across the country, according to new federal data, but many Houston workers can still expect an extra pop in their paychecks.
While regional data for the fourth quarter hasn't yet been released, wage growth in the Houston metropolitan area outpaced the U.S. as a whole during the July to September quarter, and the labor market remains tight in the region.Houston led the nation's major metropolitan regions in job growth at small business over the past 12 months “by a wide margin,” according to the latest data from Paychex, which provides payroll services to small- and medium-sized businesses in the U.S.
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