Rapid wage growth keeps pressure on inflation in the United States

Workers’ wages are rising rapidly, a factor that has contributed to high US inflation for four decades.

Average hourly wages rose 5.2% in July from a year earlier, and annual wage gains have topped 5% every month this year, the Labor Department said Friday. Rapid income growth adds to further evidence that employers are continuing to raise wages as they try to find and keep workers in a tight labor market.


Wj

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