Wage growth holds steady

pulse

June 2, 2017 1:55 PM

Average hourly earnings grew 2.5% year-over-year in May, falling just short of expectations of 2.6% growth.

For years after the 2008 financial crisis, growth in average hourly earnings stayed low, hovering at around 2% year-over-year.

According to the May jobs report, wages grew 2.5% from the previous year, falling below economists' expectations of 2.6% and matching the 2.5% rate in April.

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