Braking Down The Noise

September Jobs Report Shows Slower Wage Gains

Moderating pay increases could ease pressure on inflation, helping the Federal Reserve


Wage growth cooled in September, offering hints that labor shortages and inflation pressures might be easing as economic growth loses steam.

Average hourly earnings rose 5% in September from a year before, still rapid but below August’s 5.2% pace and the slowest annual rate since December 2021, the Labor Department said Friday.


Continue Reading…


This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More