January 10, 2020
While job growth seems healthy, wage growth continues to slow. The average hourly wage is up just 2.9 percent from the year-ago level, down from the 3.4 percent growth reported for February. By sector, the strongest growth continues to be in the lowest-paying industries, with the average hourly wage rising 4.2 percent over the last year in retail and 3.1 percent in leisure and hospitality. Wage growth has slowed sharply in both sectors from peaks hit in February. For more, check out the latest Jobs Byte.