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U.S. Workers See Fastest Wage Growth in A Decade, Outpacing Inflation

Posted On: Nov 01, 2018

Nov. 1, 2018 | ECONOMY | U.S. workers are seeing the largest wage increase in a decade, the Labor Department reported Wednesday, as companies compete harder for employees than they did in recent years. The typical worker received a 2.9 percent raise from September 2017 to September 2018, according to the Labor Department’s Employment Cost Index, a widely watched measure of pay. It’s above inflation and is the biggest increase since the year that ended in September 2008, during which wages rose 3.1 percent. Sluggish pay growth has been one of the biggest problems in this recovery… Washington Post