Wage growth misses expectations

pulse

July 7, 2017 1:52 PM

Wages grew 2.5% year over year, falling below economists' expectations of 2.6%.

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

According to theJune jobs report, wages grew2.5% from the previous year, falling below economists' expectations of 2.6% and matching the 2.5% rate in May.

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