The home improvement chain said every hourly employee will get a raise starting this month. The move follows pay raises by other big retailers like Walmart and Target.
FILE IMAGE - Vehicles fill the parking lot of a Home Depot store in Bloomsburg, Pennsylvania. said Tuesday it’s investing $1 billion in wage increases for its U.S. and Canadian hourly workers.
Home Depot is one of many big retailers that have raised pay to attract workers in a strong U.S. job market, where unemployment is at its lowest level since 1969. Walmart announced in January that it would be raising its hourly wage to an average of $17.50, while Target invested $300 million in hourly wage increases last year.U.S. employers added 517K jobs in the month of Jan. 2023, according to a report released Friday morning.
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