Jobs
Job Market Is Fed’s Ally With Wage Growth Slowing Down, Indeed Says
An employee at a manufacturing facility in Lancaster, California, US.
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
US wage growth continues to slow as inflation comes down, offering encouraging news for the Federal Reserve as its chiefs meet at Jackson Hole, according to job-search website Indeed.
Wages posted in job ads on the site increased at an annual 4.7% rate last month, down from 5.8% in April and 8% in July 2022, according to Indeed’s latest Wage Tracker.