US Wage Growth Is Starting Fade Due To Inflation Says Labor Department Report

US Wage Growth Is Starting Fade Due To Inflation Says Labor Department Report
A person passes the office of the California Employment Development Department in Sacramento, Calif., on Dec. 18, 2020. Rich Pedroncelli/AP Photo
Bryan Jung
Updated:
Americans have seen their wages increase as pandemic restrictions have eased over the past year, which have continued into April but not kept up with the rising rate of inflation, according to the latest employment data from the Bureau of Labor Statistics released on May 6.

Employee salaries have been on the rise for the past year, as employers struggled to retain and hire new staff as millions of American workers sought out jobs with higher wages.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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