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On Monday, President Joe Biden signed an executive order that will give most federal employees a 2% increase starting January 2025. President Joe Biden signs off on 2% pay raise for most civilian ...
The White House plans to boost federal workers' pay by 5.2 percent, the largest increase since 1980.
President Joe Biden has signed off on giving federal wildland firefighters a hefty raise for the next two fiscal years, a move that affects more than 16,000 firefighters and comes as much of the ...
The fiscal year 2010 president's budget request for a 2.9% military pay raise was consistent with this formula. However, Congress, in fiscal years 2004, 2005, 2006, 2008, and 2009 approved the pay raise as the ECI increase plus 0.5%. The 2007 pay raise was equal to the ECI. A military pay raise larger than the permanent formula is not uncommon.
The unemployment rate fell from 4.2% to 4.1% as the labor market ended the year on a solid footing, reinforcing views that the Federal Reserve would keep interest rates unchanged this month.
In December 2010, President Obama issued executive order 13561 [3] carrying out a two-year federal employee pay freeze. [4] Two years later, on December 27, 2012, he issued a new order, Executive Order #13635, which would end the pay freeze and give civilian federal employees a 0.5% raise in 2013. [2]
Federal Reserve Bank of St. Louis, consumer price index, accessed Nov. 2, 2021 Federal Reserve Bank of St. Louis, average hourly earnings at private employers, accessed Nov. 2, 2021
The increase would amount to a whopping 37% pay hike for five million federal contract workers who earn the current minimum of $10.95 an hour.