US Wage Growth Slows Across the Board, Indeed Index Shows
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US wage growth is on track to fall back to pre-pandemic levels by the second half of next year, according to jobs platform Indeed, which built a new index based on salaries for posts offered via its website.
Wages by that measure were up 6.5% in November from a year ago, after peaking at around 9% in March this year, the gauge shows. The slowdown is broad-based, with more than four in five categories of job seeing lower rates of pay growth than they were six months earlier.