For years after the 2008 financial crisis, growth in average hourly earnings stayed low, hovering at around 2% year-over-year.
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Wage growth slows down
Average hourly earnings grew year over year by 2.5%, down from 2.7% in March.
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According to the April jobs report, wages grew 2.5% from the previous year, falling below economists' expectations of 2.7% and below the 2.7% rate in March.
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