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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
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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.

New York’s Wind Power Future with Erik Antokal Director of Workforce Development, Orsted

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Wages for private industry workers in the New York City area grew 5% year-over-year in 2022, according to the BLS. 

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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