The 3 sectors where wage growth is still outpacing inflation
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With inflation heating up , Americans' spending power is under stress. But in a few sectors, wages are still growing faster than inflation. New data published on Wednesday showed inflation in May exceeding 4% for the first time since 2023 and outpacing private-sector wage growth for the second-straight month, at 4.2% and 3.4%, respectively. The chart below shows the range in wage growth based on the 12-month change in average hourly earnings: It's important to look at wage growth and employment
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