Wage Gap Widens, Job Market Slows
Update: 2025-12-16
Description
Americas wage growth struggles to keep pace with inflation, with top earners seeing gains while middle and low-income households lag behind. The peak for annual hourly pay growth was nearly 6% in March 2022, but it has been steadily declining since. The US economy has lost jobs in three of the past six months, and the current year is on track for the weakest job growth since the pandemic. Federal Reserve Chair Jerome Powell emphasizes boosting the job market to address cost-of-living concerns, as the Fed cuts interest rates to encourage hiring and wage growth.
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