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Minimum wage rising to $7.25

July 17, 2009

The federal minimum wage will rise to $7.25 an hour on July 24. The U.S. Department of Labor reported the increase will take effect in 30 states that either don't have a minimum wage or the state minimum wage is below the new federal level.

Presently, the federal minimum wage is $6.55 an hour. The last increase was on July 24, 2008.

The upcoming increase represents the last increase approved under the Fair Minimum Wage Act of 2007.