For every dollar a man makes, a woman makes 84 cents

TheStreet’s J.D. Durkin brings you the biggest news of the day, including what investors are watching and what Equal Pay Day represents.

Transcript

00:00 I'm JD Durkin reporting from the floor of the New York Stock Exchange and here's a look

00:04 at what we're watching on the street today.

00:06 Investors are reacting to a key inflation report.

00:09 Consumer prices rose 0.4 percent in the month of February, marking a 3.2 percent increase

00:14 from a year ago, roughly in line with analyst expectations.

00:19 While inflation has cooled significantly since the 2021 highs, this figure is still well

00:23 above the Federal Reserve's 2 percent target.

00:26 The Fed will take this report into careful consideration when it makes its next interest

00:30 rate decision.

00:32 In other news, today is Equal Pay Day.

00:34 It represents how far into the year women must work to earn what men earned in the previous

00:39 year.

00:40 In other words, women need to work 14 and a half months to earn what men make in just

00:44 12.

00:45 According to the National Committee on Pay Equity, for every dollar a man makes, a woman

00:50 earns 84 cents.

00:51 That's up just 5 cents from a decade ago and less than a cent from last year.

00:56 And that just incorporates full-time workers.

00:58 If part-time and seasonal workers are included, that number drops to 78 cents.

01:03 Of the pay disparity, President Joe Biden released a statement saying, "Women's labor

01:08 force participation is the highest it has been in decades, and the gender pay gap is

01:12 the narrowest it has ever been on record."

01:15 Yet despite this progress, the fight for equal pay continues.

01:19 Equal Pay Day was originally created by the National Committee on Pay Equity in 1996.

01:25 That will do it for your daily briefing.

01:27 From the floor of the New York Stock Exchange, I'm J.D. Durkin with The Street.

01:30 Thanks for watching.

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