Wage momentum in the private sector's been locked around 3.5% lately—way down from that post-2021 reopening spike. Latest Q3 employment-cost numbers tell an interesting story: the slowdown in total comp growth? Mostly a lagged ripple effect from state and local government workers who scored bigger bumps earlier. The data paints a picture of cooling but stabilizing labor costs across the board.
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OnchainGossiper
· 21h ago
3.5% salary growth? Now companies are happy, but workers are going to have a tough time.
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LiquidatedThrice
· 12-13 09:15
3.5% this number is a bit dull, the previous surge was given away for free
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AlwaysAnon
· 12-10 18:56
3.5%? That's stability, much more rational than those crazy salary hikes.
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GateUser-1a2ed0b9
· 12-10 18:53
The 3.5% wage growth is still declining; that previous wave was indeed just a temporary surge.
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Anon4461
· 12-10 18:52
The 3.5% increase is really cooling off... Still wondering when it will return to the crazy two years.
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SandwichTrader
· 12-10 18:49
A 3.5% increase? That's laughable. It's better to be eaten up by inflation faster.
Wage momentum in the private sector's been locked around 3.5% lately—way down from that post-2021 reopening spike. Latest Q3 employment-cost numbers tell an interesting story: the slowdown in total comp growth? Mostly a lagged ripple effect from state and local government workers who scored bigger bumps earlier. The data paints a picture of cooling but stabilizing labor costs across the board.