For years after the 2008 financial crisis, growth in average hourly earnings stayed low, hovering at around 2% year-over-year.
ADVERTISEMENT
Wage growth slows down
Average hourly earnings grew year over year by 2.5%, down from 2.7% in March.
ADVERTISEMENT
According to the April jobs report, wages grew 2.5% from the previous year, falling below economists' expectations of 2.7% and below the 2.7% rate in March.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Bolstering career in machine learning: How to succeed in AI research
Nigerian government says no official demanded $150m bribe from Binance
Zimbabwe's goal to save billions spurs an aggressive crackdown on political criminals
10 most stable countries for employees in Africa
Uganda crowned best investment destination in Africa
Namibia becomes the first African country to significantly crack HIV
How crises from blackouts to pandemic drained $46 billion from South Africa
5 major African economies and their quality of life score