
But a year ago, they were growing by almost 6%. Some workers saw big gains when employers were frantically trying to staff up in the aftermath of the pandemic, and while some policymakers don’t think rising wages have contributed much to inflation, others think they’re a big contributing factor.Īnd they just got some good news on this front: Wage gains seem to be moderating. Average hourly earnings were up 4.3% year over year in May, which is still higher than before the pandemic.

Some of that data is about trends in wages.


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