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Wage Growth Is Slowing Sharply in US Job Postings, Indeed Says

m.knox

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Aug 20, 2003
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Biden's SUGAR HIGH is ending......

https://www.msn.com/en-us/money/car...ly-in-us-job-postings-indeed-says/ar-AA1cfr6D

(Bloomberg) -- Wage growth in US job postings has been softening for more than a year now, and at the current rate it could return to pre-pandemic levels by early 2024, according to Indeed Hiring Lab.

Advertised wages rose 5.3% in May from a year earlier, a marked decline from the peak of 9.3% in January 2022, according to Indeed’s wage tracker. The slowdown has been broad-based across industries, but it’s been particularly pronounced in low-wage sectors — for the type of positions that saw the biggest gains as the economy recovered from the pandemic.
 
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