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26.08 - 10:11
Rapid Wage Growth Keeps Pressure on U.S. Inflation
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wsj.comWorkers’ wages are rising briskly, a factor contributing to four-decade high U.S. inflation.
Average hourly earnings grew 5.2% in July from a year earlier, and annual wage gains have exceeded 5% each month this year, the Labor Department said Friday. The rapid earnings growth adds to other evidence that employers are continuing to increase pay as they try to find and keep workers in a tight job market.
Read more on wsj.comAbout this in other media
Minimum wage should be increased to £15 an hour as soon as possible, says TUC theguardian.com /2 years ago
Labour sets out plan to link minimum wage to cost of living theguardian.com /2 years ago
The Guardian view on the economy: soaring prices and plunging wages spell conflict ahead theguardian.com /2 years ago
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