U.S. wage growth remains sluggish even as some sectors and states push for increases, with hiring cooling dramatically in June and wages trailing behind inflation in most of the economy. The gender wage gap is widening as overall wage growth stagnates, though certain industries continue to outpace price increases.
·June jobs report shows only 57,000 new positions added, signaling a sharp slowdown in hiring
·Wage growth steady at 0.3% month-over-month, insufficient to match inflation pressures
·Seventeen states and localities implementing minimum wage increases effective July
·Gender wage gap widening as overall wage growth slows across the economy
·Three sectors sustaining wage growth that exceeds inflation while most industries lag
drawn from NBC News, USAFacts, Economic Policy Institute, marketplace.org · updated 12m ago