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