the.com/wage growth
U.S. job growth stalled in June with only 57,000 positions added, while wage growth remains sluggish and hasn't kept pace with inflation. The gender wage gap is widening even as seventeen states and localities raise minimum wage effective this July.
what's happening
·June added just 57,000 jobs, marking a sharp slowdown in hiring momentum
·Wage growth has failed to outpace inflation since February despite overall labor market strength
·Gender wage gap is widening as wage growth slows across the economy
·Seventeen states and localities are increasing minimum wage starting July
·Workers are not seeing expected income boosts despite labor market stability
drawn from Center for American Progress, NBC News, marketplace.org, USAFacts.org · updated 3h ago