NEW YORK CITY (VINnews)-Average hourly earnings for American workers rose again in the latest jobs report, climbing 0.2% over the month and 3.7% compared with a year ago.
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Economists described the increase as “very solid,” underscoring a resilient labor market even as broader indicators show signs of cooling. The steady pace of wage growth has been closely watched by the Federal Reserve as it weighs upcoming decisions on interest rates.
The report suggests that workers continue to see consistent pay increases, though inflation and borrowing costs remain key factors shaping household budgets.
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