For years after the 2008 financial crisis, growth in average hourly earnings stayed low, hovering at around 2% year-over-year.
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Wage growth holds steady
Average hourly earnings grew 2.5% year-over-year in May, falling just short of expectations of 2.6% growth.
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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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