Braking Down The Noise

September Jobs Report Shows Slower Wage Gains

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

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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.

 

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