The index of aggregate weekly payrolls for private-sector workers, which combines hiring, wages, and hours, slowed in October as wages cooled and hours worked declined
The index is up 5% over the last year (lowest since March 2021) and 4.6% at a three-month annualized rate
The index is up 5% over the last year (lowest since March 2021) and 4.6% at a three-month annualized rate
Wage growth slows
Average hourly earnings rose 4.1% in October from a year earlier, the slowest pace since June 2021, and at a 3-month annualized rate of 3.1%
Average weekly earnings rose 3.2% in October from a year earlier, and also at a 3-month annualized rate
Average hourly earnings rose 4.1% in October from a year earlier, the slowest pace since June 2021, and at a 3-month annualized rate of 3.1%
Average weekly earnings rose 3.2% in October from a year earlier, and also at a 3-month annualized rate
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