Economy is booming: Walmart cut starting pay for some new jobs

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New York

Walmart, America’s largest private employer, is paying some new hires less than it would have earlier in the year in a sign of a cooling labor market.

Walmart reduced starting pay by about $1 for new hires who prepare online orders for curbside pickup or delivery to customers’ homes, and those who restock store shelves beginning in mid-July. The pay change did not apply to any existing employees.

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The company did not say how many hires were impacted by the change. The Wall Street Journal first reported the news of Walmart’s pay cut.

Walmart’s starting pay ranges from $14 to $19 depending on the store and local market. The company has raised wages in recent years to attract and retain hourly workers in a tight labor market.

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