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Retail sales rose 0.6% in August, compared with a revised 0.5% increase in July, according to a report issued by the Commerce Department on Thursday. The surge in gas prices is coursing through the economy and could slow down shoppers' momentum heading into the critical holiday shopping season. Excluding gas sales, retail sales were just up 0.2% for August, according to the Commerce Department report. Sales at gas stations rose a robust 5.2%, while furniture and home furnishings stores saw a 1% drop in sales. August's uptick in retail sales, which marks the fifth straight monthly gain, reflects the economy’s resiliency despite a still tough economic environment.

Persons: August's, ”, Michael Pearce, “, Anne Hatfield, They’re, Kendra Scott, Chris Rugaber, Anne Organizations: Commerce Department, U.S . Labor Department, Labor Department, Federal Reserve, AAA, Amazon Prime, U.S, Oxford Economics, ”, Walmart, Pride, AP Locations: Washington

☆ Walmart changes starting pay structure for entry-level store workers
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Kamil Krzaczynski Acquire Licensing RightsCompanies Walmart Inc FollowSept 7 (Reuters) - Walmart (WMT.N) is changing the hourly starting wage structure for entry-level store workers, as companies seek to reduce costs in a slowing job market. Deli, auto center and bakery workers will continue to receive higher starting wages as they are higher-skilled roles, she added. The Wall Street Journal, which was the first to report the wage structure changes that went into effect in mid-July, said the changes mean paying some new store workers less than it would have three months ago, citing documents seen by the Journal and store workers. Walmart pays its employees different starting wages based on where the store is based. The new wage structure will not change Walmart's minimum hourly wage of $14 or result in any pay cuts for existing employees, the spokesperson said.

Persons: Kamil Krzaczynski, Anne Hatfield, Hatfield, Walmart's, Ananya Mariam Rajesh, Siddharth Cavale, Maju Samuel, Frances Kerry Organizations: REUTERS, Walmart, Street, Journal, Midwest, Reuters, Thomson Locations: Chicago , Illinois, U.S, United States, Bengaluru, New York

☆ Walmart cuts starting pay for new hires who prepare online orders, stock shelves
▼ + stars: | 2023-09-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

A worker stocks the shelves at a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 and $19 an hour. Walmart has cut starting pay for new store employees who pick and pack online orders and stock shelves, raising questions of whether companies face a cooling labor market or are adjusting to a return to pre-pandemic shopping habits. New Walmart employees who join the digital or stocking teams now make about a dollar-an-hour less than they would have if hired several months ago. In a statement, Walmart said it made the change so its starting pay was consistent, whether a store employee worked at the cashier, stocked shelves or helped with online orders.

Persons: Anne Hatfield, Hatfield, John Furner, That's Organizations: Walmart, Amazon, Wall Street, Walmart U.S Locations: Miami , Florida, U.S, Target

☆ Walmart workers to begin seeing higher paychecks on March 2, but their minimum wage will still be below Amazon, Costco, and Target
▼ + stars: | 2023-02-08 | by ( Ben Tobin | ) www.businessinsider.com time to read: +4 min

Walmart announced last month that it will increase its minimum wage from $12 an hour to $14 an hour. Several workers told Insider or wrote on social media that the new minimum wage is not sufficient. Up until the middle of last decade, Walmart's minimum wage matched the federal level at $7.25. One year later, Target also announced it would be raising its minimum wage to $15 per hour. Reach out to the reporter Ben Tobin by email at btobin@insider.com to let him know what you think of the minimum wage increase.

☆ Walmart raises minimum wage as retail labor market remains tight
▼ + stars: | 2023-01-24 | by ( Melissa Repko | ) www.cnbc.com time to read: +3 min

Walmart said Tuesday it is raising its minimum wage for store employees to $14 an hour, representing a roughly 17% jump for the workers who stock shelves and cater to customers. Starting in early March, store employees will make between $14 and $19 an hour. About 340,000 store employees will get a raise because of the move, Hatfield said. Some of those pay increases will also go toward store employees who work in parts of the country where the labor market is more competitive, the company said. Target , for instance, announced in 2017 it would gradually raise its minimum wage and reached $15 an hour in July 2020.

☆ Walmart fired Black hourly employees twice as often as their white coworkers at the pandemic's start, congressional report says
▼ + stars: | 2022-11-21 | by ( Ben Tobin | ) www.businessinsider.com time to read: +4 min

Congressional report finds Walmart laid off double the amount of Black workers during the pandemic. As of July 29 this year, Black workers comprised roughly 21% of Walmart's 1.6 million US workforce. "Walmart had some of the largest racial inequities of the surveyed companies when it came to employment outcomes," the report says. As of July 29 this year, Black workers comprised roughly 21% of Walmart's 1.6 million US workforce, according to the Walmart's culture, equity, diversity, and inclusion 2022 mid-year report. The congressional report found that while Black salaried workers were promoted at a higher rate than white salaried workers (36.2% to 28.0%), Black hourly workers were promoted at a lower rate than white hourly workers (8.7% to 11.1%).

☆ Jobs will be harder to find at Walmart this holiday season. Here's why, and here's how you can get one.
▼ + stars: | 2022-09-21 | by ( Áine Cain | ) www.businessinsider.com time to read: +3 min

That number marks a decrease from the 150,000 workers Walmart sought to hire for holiday 2021. This year, the company has slashed its holiday hiring goal – to a little over a quarter of the workforce that it's aimed to bring on in past years. In its announcements, Walmart directed prospective workers to its jobs portal, which lists roles by type and location. For prospective workers looking to stand out from the crowd, a customer-centric attitude is one thing that can bolster an applicant's chances. "We are looking for associates who are passionate about serving customers and helping our customers create special moments this holiday season," Walmart spokesperson Anne Hatfield told Insider.

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