US Wage Growth Slows to 3.0% in September, Lowest Since May 2021
Average hourly earnings growth in the U.S. decelerated to 3.0% in September, marking the slowest pace since May 2021, according to data from the Labor Department. This represents a slowdown from the 3.1% growth recorded in August.
A month before the midterms, the cost-of-living squeeze is showing signs of worsening. 1% in August, according to new Labor Department data. That was the weakest pace since May 2021, when the economy was still re…