Employers
Wage Gains Remain Strong
Reuters (08/05/23) Mutikani, Lucia The U.S. economy added fewer jobs than expected in July, but solid wage gains and a decline in the unemployment rate back to 3.5% pointed to continued tightness in labor market conditions. With the labor market still tight, wages continued to rise at a brisk clip. Average hourly earnings climbed 0.4%, matching the gain in June. That kept the year-to-year increase
August 5, 2023