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U.S. Wage Growth Slows to 3.4% YoY in May, Lowest Since 2021

2026-06-10 12:27:13

According to Jin10 data, U.S. average hourly wage growth slowed to 3.4% year-over-year in May, the slowest pace since 2021, as consumers face mounting pressure from rising prices. Analyst Marte noted that if the upcoming CPI report meets expectations, it would mark the second consecutive month where price gains outpace wage growth, dealing another blow to consumer confidence already weakened by concerns over employment prospects, according to a New York Federal Reserve survey.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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