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Business

Slowing U.S. wage growth in last quarter of 2022 may reduce need for larger interest rate hikes, experts say

By Mac Sorensen Posted on January 31, 2023
amNY_GroceryDeliveryServices_3102221_Holtermann-13-1200×798-1

Wage growth appears to be slowing across the United States, according to a report that the U.S. Bureau of Labor Statistics released Tuesday.

Civilian workers saw their wages increase on average by just 1% during the final quarter of 2022 (October-December). That was flat from the 1% wage increase reported during the third quarter of 2022, but down overall from the 5.1% increase for the year, and from the 4% growth in wages reported in December 2021.

See the full article at amNY

Slowing U.S. wage growth in last quarter of 2022 may reduce need for larger interest rate hikes, experts say

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