The Home Depot posted strong profits in its final quarter of 2022, but a tepid outlook for this year sank shares of the home improvement retailer before markets opened Tuesday.
Home Depot employs 437,000 people in the U.S. and 34,000 in Canada. The vast majority are hourly employees, the company said. The company operates 2,000 stores in the U.S. and 182 stores in Canada.
The global economy, however, has been distorted as it tries to put the pandemic behind it, with inflation elevated everywhere and the booming housing market cooling down, partly due to actions taken by the Federal Reserve to cool inflation, namely raising interest rates.as soaring mortgage rates and sky high prices in 2022 pushed homeownership out of reach for many Americans.
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Home Depot to raise starting pay for US workers to at least $15 per hourHome Depot said Tuesday it’s investing $1 billion in wage increases for its U.S. and Canadian hourly workers.
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Home Depot raises starting hourly pay to $15 amid ongoing nationwide labor shortageHome Depot says it will bring the average starting salary for its hourly workers to $15 an hour. The workers will see the increase this month in their paychecks.
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Home Depot raises starting pay to $15 an hourHome Depot said it is raising starting pay for employees to $15 an hour, effective this month.
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The Home Depot raises hourly pay rates, starting wage ‘is at or above $15 an hour’The Home Depot said it is investing an additional $1 billion in wage increases for hourly workers.
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Home Depot sees home-improvement market declining if consumer demand keeps shifting to services from goodsHome Depot says if consumer demand keeps shifting to services from goods, the home-improvement market could fall in the low-single-digit percentage range.
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Home Depot Will Give All Hourly Workers a Raise This MonthHome Depot said Tuesday it’s investing $1 billion in wage increases for its U.S. and Canadian hourly workers.
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