BUSINESS & AG
B2 — THE OBSERVER & BAKER CITY HERALD
US wages jump by the most
in records dating back 20 years
By CHRISTOPHER RUGABER
The Associated Press
WASHINGTON —
Wages jumped in the three
months ending in Sep-
tember by the most on
records dating back 20
years, a stark illustration
of the growing ability of
workers to demand higher
pay from companies that
are desperate to fi ll a
near-record number of
available jobs.
Pay increased 1.5%
in the third quarter, the
Labor Department said
Friday, Oct. 29. That’s up
from 0.9% in the previous
quarter.
The value of benefi ts
rose 0.9% in the July-Sep-
tember quarter, more than
double the preceding three
months.
Workers have gained
the upper hand in the job
market for the fi rst time
in at least two decades,
and they are commanding
higher pay, more benefi ts,
and other perks like fl ex-
ible work hours.
With more jobs avail-
able than there are unem-
ployed people, gov-
ernment data shows,
businesses have been
forced to work harder to
attract staff .
Higher infl ation is
eating away at some of
the wage increases, but in
recent months overall pay
has kept up with rising
prices.
The 1.5% increase in
wages and salaries in the
third quarter is ahead of
the 1.2% increase in infl a-
tion during that period,
economists said.
However, compared
with a year ago, it’s a
closer call. In the year
ending in September,
wages and salaries soared
4.2%, also a record gain.
But the government
also reported that prices
increased 4.4% in Sep-
tember from the previous
year. Excluding the vola-
tile food and energy cate-
gories, infl ation was 3.6%
in the past year.
Jason Furman, a former
top economic adviser to
President Barack Obama,
said that infl ation-adjusted
wages still trail their
pre-pandemic level, given
the big price jumps that
occurred over the spring
and summer for new and
used cars, furniture and
airline tickets.
Whether infl ation fades
in the coming months
will determine how much
benefi t workers get from
higher pay.
Many economists
expect infl ation to slow a
bit, while wages are likely
to keep rising.
Pay is rising much
faster in the recovery
from the pandemic reces-
sion than in the recovery
from the Great Recession
of 2008-2009, when wage
growth kept slowing until
a year after that downturn
ended. That’s because of
the diff erent nature of the
two recessions and the dif-
ferent policy responses.
THURSDAY, NOVEMBER 4, 2021
FORESTS
Continued from Page B1
plan, or HCP, is a tool that
allows practices like log-
ging or irrigation to con-
tinue while minimizing
damage to wildlife habitat.
The deal sets in motion
what could be a lengthy,
possibly years-long pro-
cess to craft, approve and
adopt an HCP into law and
begin implementation.
“There’s no doubt that
there’s going to be chal-
lenges ahead,” said Sean
Stevens, executive director
of the conservation group
Oregon Wild. “But I do
think that this agreement
provides a diff erent sort of
foundation than we’ve ever
had before for tackling
those challenges ahead.”
The next step will be
to introduce a bill in the
Oregon Legislature to
make signifi cant changes
to the Forest Practices
Act to protect riverbanks
and streamsides, improve
forest roads and allow
for adaptive management
of private forests. The
state will then pursue an
HCP, which will require
a rule making process
overseen by the Oregon
Board of Forestry (which
just approved a new state
forester).
After that, state leaders
can pitch the plan to fed-
eral regulators.
Speaking on behalf
of the timber coalition,
Adrian Miller with the
Florida-based forest prod-
ucts company Rayonier
said the agreement gives
timber operators a sense of
security going forward.
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by Stella Wilder
THURSDAY, NOVEMBER 4, 2021
YOUR BIRTHDAY by Stella Wilder
Born today, you are never one to force
yourself, your ways, opinions or expectations
on others, for you understand that what works
for you is not necessarily going to work for
anyone else -- and vice versa. When it comes
to your own satisfaction, however, you insist
on having things certain ways, for your tastes
are specific and unwavering in most instances.
You spend much of your life trying to be true,
in as many situations as possible, to what you
think.
FRIDAY, NOVEMBER 5
SCORPIO (Oct. 23-Nov. 21) -- Take the
time to figure out a certain tricky situation
before you dive into it headlong. You’re not
used to all that is happening.
SAGITTARIUS (Nov. 22-Dec. 21) -- You
may suspect that you’re being sabotaged, but
this is not the case. The truth likely reveals
itself just as the day winds down.
CAPRICORN (Dec. 22-Jan. 19) -- Your
connection to another may be disrupted for a
time today, but not through any fault of your
own. Your ingenuity will pay off.
AQUARIUS (Jan. 20-Feb. 18) -- You’re
looking for the genuine article, so no artificial
replica is going to do. You’re used to letting
your patience pay off in this way.
PISCES (Feb. 19-March 20) -- Your
suspicions about another are likely to be
substantiated today -- but not until you are
willing to put something on the line.
ARIES (March 21-April 19) -- Others
gravitate toward you today, but this can prove
too much of a good thing. You must know
when to draw the line and limit contact.
TAURUS (April 20-May 20) -- You don’t
have to follow all of the rules today -- at least
not consciously. One or two, however, will
surely be worth adhering to closely.
GEMINI (May 21-June 20) -- You’re
getting over a certain awkwardness that has
affected you either at work or among friends.
What happens next is a vast improvement!
CANCER (June 21-July 22) -- You’re likely
to begin the process of tracking down
something or someone who will soon prove
essential to you as a project nears completion.
LEO (July 23-Aug. 22) -- Even the smallest
change in plans is going to be difficult to
implement, but the results are likely to be
worth it. Don’t give up!
VIRGO (Aug. 23-Sept. 22) -- You’re letting
certain external influences get the best of you,
and it has to stop! You’ll discover a new,
positive way to react.
LIBRA (Sept. 23-Oct. 22) -- You may have
to cast your mind back very far today in order
to remember those who were involved with
you before and may soon be once more.
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