Rapid Wage Growth Keeps Pressure on U.S. Inflation

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Staff’ wages are rising briskly, an element contributing to four-decade excessive U.S. inflation.

Common hourly earnings grew 5.2% in July from a yr earlier, and annual wage features have exceeded 5% every month this yr, the Labor Division mentioned Friday. The speedy earnings progress provides to different proof that employers are persevering with to extend pay as they attempt to discover and maintain employees in a good job market.

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